Benjamin Edwards Inc. Has $71.47 Million Stake in WEC Energy Group, Inc. $WEC

Benjamin Edwards Inc. raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,624 shares of the utilities provider’s stock after acquiring an additional 5,320 shares during the period. WEC Energy Group makes up 0.8% of Benjamin Edwards Inc.’s portfolio, making the stock its 21st biggest holding. Benjamin Edwards Inc. owned approximately 0.19% of WEC Energy Group worth $71,468,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blossom Wealth Management increased its position in WEC Energy Group by 1.4% in the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after buying an additional 90 shares during the period. Verdence Capital Advisors LLC grew its position 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 worth $595,000 after purchasing an additional 92 shares during the last quarter. MTM Investment Management LLC increased its holdings 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 worth $283,000 after purchasing an additional 95 shares during the period. Ellenbecker Investment Group grew its position in WEC Energy Group by 0.5% during the third quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock worth $2,305,000 after buying an additional 95 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 95 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 0.8%

Shares of WEC opened at $105.08 on Thursday. The company has a market capitalization of $34.18 billion, a P/E ratio of 19.86, a PEG ratio of 2.51 and a beta of 0.58. WEC Energy Group, Inc. has a one year low of $92.85 and a one year high of $118.18. The business’s 50 day simple moving average is $108.18 and its 200-day simple moving average is $109.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.50 and a quick ratio of 0.33.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. The firm 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 predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp reduced their target price on WEC Energy Group from $123.00 to $117.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Bank of America lowered their target price on shares of WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 31st. 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 price target for the company. Finally, Scotiabank upped their price objective on WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $120.64.

WEC Energy Group Profile

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.