WEC Energy Group, Inc. $WEC Shares Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 68.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,867 shares of the utilities provider’s stock after buying an additional 8,906 shares during the period. WEC Energy Group makes up 1.2% of Heritage Family Offices LLP’s portfolio, making the stock its 16th biggest position. Heritage Family Offices LLP’s holdings in WEC Energy Group were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

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

WEC Energy Group Stock Up 0.3%

NYSE:WEC opened at $104.76 on Thursday. The stock’s fifty day simple moving average is $111.37 and its 200-day simple moving average is $109.10. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.18. The firm has a market capitalization of $34.08 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.64 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29.

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

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is currently 67.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BTIG Research raised WEC Energy Group to a “strong-buy” rating in a report on Wednesday, October 22nd. LADENBURG THALM/SH SH upgraded WEC Energy Group from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Scotiabank boosted their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Mizuho set a $125.00 target price on shares of WEC Energy Group in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $120.92.

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.