Cwm LLC Has $3.19 Million Position in WEC Energy Group, Inc. $WEC

Cwm LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 22.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,810 shares of the utilities provider’s stock after purchasing an additional 5,114 shares during the period. Cwm LLC’s holdings in WEC Energy Group were worth $3,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new position in shares of WEC Energy Group in the 1st quarter worth approximately $26,000. Bayforest Capital Ltd acquired a new stake in WEC Energy Group in the 2nd quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in WEC Energy Group in the second quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group during the second quarter worth $27,000. Finally, New England Capital Financial Advisors LLC raised its stake in WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC stock opened at $105.52 on Friday. WEC Energy Group, Inc. has a 1 year low of $91.94 and a 1 year high of $118.18. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $108.97 and its 200-day moving average is $109.04. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.66 and a beta of 0.58.

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

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be issued a $0.9525 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, February 13th. WEC Energy Group’s dividend payout ratio (DPR) is 67.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEC. Wells Fargo & Company assumed coverage on shares of WEC Energy Group in a report on Monday, October 27th. They issued an “overweight” rating and a $124.00 target price on the stock. Citigroup initiated coverage on shares of WEC Energy Group in a research report on Friday, October 3rd. They issued a “buy” rating and a $131.00 price target on the stock. Mizuho set a $125.00 price objective on shares of WEC Energy Group in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday. Finally, TD Cowen started coverage on WEC Energy Group in a research report on Thursday, October 16th. They set a “hold” rating and a $125.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $120.64.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.