WEC Energy Group, Inc. $WEC Stock Holdings Lifted by Aviso Financial Inc.

Aviso Financial Inc. grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,584 shares of the utilities provider’s stock after acquiring an additional 543 shares during the period. Aviso Financial Inc.’s holdings in WEC Energy Group were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WEC. Cetera Investment Advisers lifted its holdings in shares of WEC Energy Group by 5.2% during the first quarter. Cetera Investment Advisers now owns 155,135 shares of the utilities provider’s stock valued at $16,907,000 after purchasing an additional 7,669 shares during the last quarter. HB Wealth Management LLC raised its holdings in WEC Energy Group by 19.4% during the 1st quarter. HB Wealth Management LLC now owns 8,968 shares of the utilities provider’s stock worth $977,000 after buying an additional 1,456 shares during the period. LPL Financial LLC lifted its stake in WEC Energy Group by 21.1% during the first quarter. LPL Financial LLC now owns 850,658 shares of the utilities provider’s stock valued at $92,705,000 after buying an additional 148,368 shares in the last quarter. Mackenzie Financial Corp lifted its stake in WEC Energy Group by 35.6% during the first quarter. Mackenzie Financial Corp now owns 52,762 shares of the utilities provider’s stock valued at $5,750,000 after buying an additional 13,841 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in shares of WEC Energy Group by 23.9% in the first quarter. Norden Group LLC now owns 9,909 shares of the utilities provider’s stock worth $1,080,000 after buying an additional 1,913 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WEC. KeyCorp boosted their price target on shares of WEC Energy Group from $110.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Barclays lifted their price objective on shares of WEC Energy Group from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. TD Cowen started coverage on shares of WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Wednesday, November 19th. Finally, Scotiabank raised their target price on WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Moderate Buy” and an average price target of $120.21.

WEC Energy Group Trading Up 0.2%

WEC Energy Group stock opened at $111.24 on Wednesday. WEC Energy Group, Inc. has a 12 month low of $91.94 and a 12 month high of $118.18. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The stock has a market cap of $36.18 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.81 and a beta of 0.48. The company’s fifty day simple moving average is $113.16 and its 200-day simple moving average is $109.03.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. The business had revenue of $2.28 billion during the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s payout ratio is currently 67.49%.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.