Caldwell Trust Co Buys Shares of 17,497 WEC Energy Group, Inc. $WEC

Caldwell Trust Co purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,497 shares of the utilities provider’s stock, valued at approximately $1,823,000.

A number of other institutional investors have also made changes to their positions in the business. Verdence Capital Advisors LLC increased its stake in WEC Energy Group by 1.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after buying an additional 92 shares during the last quarter. MTM Investment Management LLC raised its holdings in WEC Energy Group by 3.6% during the second quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 95 shares in the last quarter. State of Wyoming boosted its position in WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 95 shares during the last quarter. Liberty Capital Management Inc. grew its stake in WEC Energy Group by 3.8% in the second quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 97 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its position in shares of WEC Energy Group by 1.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 8,281 shares of the utilities provider’s stock worth $863,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 8th. Mizuho set a $125.00 price objective on shares of WEC Energy Group in a research note on Monday, October 27th. KeyCorp cut their target price on shares of WEC Energy Group from $123.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday. BTIG Research upgraded WEC Energy Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group upped their price objective on WEC Energy Group from $117.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.85.

WEC Energy Group Stock Up 0.4%

WEC Energy Group stock opened at $103.86 on Monday. The company’s 50-day moving average price is $111.96 and its two-hundred day moving average price is $109.16. 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 $33.79 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.63 and a beta of 0.56. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. The company had revenue of $2.28 billion for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. As a group, analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is 67.49%.

WEC Energy Group Company Profile

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.