WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,685 shares of the utilities provider’s stock after buying an additional 6,288 shares during the period. Leeward Investments LLC MA owned 0.05% of WEC Energy Group worth $13,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WEC. Norden Group LLC acquired a new stake in WEC Energy Group during the 1st quarter worth $9,095,000. United Capital Management of KS Inc. increased its position in WEC Energy Group by 10.6% in the 1st quarter. United Capital Management of KS Inc. now owns 30,773 shares of the utilities provider’s stock valued at $2,527,000 after acquiring an additional 2,952 shares during the period. State of Alaska Department of Revenue raised its stake in WEC Energy Group by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 34,210 shares of the utilities provider’s stock valued at $2,809,000 after acquiring an additional 145 shares during the last quarter. Albion Financial Group UT grew its stake in shares of WEC Energy Group by 2.1% in the 1st quarter. Albion Financial Group UT now owns 51,679 shares of the utilities provider’s stock valued at $4,244,000 after purchasing an additional 1,087 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in shares of WEC Energy Group by 1,188.1% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 34,251 shares of the utilities provider’s stock valued at $2,813,000 after purchasing an additional 31,592 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of analyst reports. Scotiabank cut their price objective on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of WEC Energy Group from $89.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. The Goldman Sachs Group initiated coverage on shares of WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target for the company. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Finally, KeyCorp lifted their price objective on WEC Energy Group from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.92.

WEC Energy Group Trading Down 0.5 %

Shares of WEC traded down $0.36 during mid-day trading on Thursday, reaching $77.68. The company had a trading volume of 651,811 shares, compared to its average volume of 1,850,963. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $93.37. The firm has a fifty day simple moving average of $81.15 and a 200-day simple moving average of $80.93. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.02 and a beta of 0.41. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 1.24.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 14th were given a dividend of $0.835 per share. The ex-dividend date was Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a yield of 4.30%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

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.