245,031 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 245,031 shares of the utilities provider's stock, valued at approximately $23,043,000. Susquehanna Fundamental Investments LLC owned about 0.08% of WEC Energy Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WEC. Wellington Management Group LLP raised its position in WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock valued at $1,038,931,000 after purchasing an additional 6,329,574 shares during the last quarter. Raymond James Financial Inc. bought a new position in WEC Energy Group during the 4th quarter valued at approximately $188,879,000. JPMorgan Chase & Co. raised its position in WEC Energy Group by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after purchasing an additional 699,177 shares during the last quarter. Donaldson Capital Management LLC bought a new position in WEC Energy Group during the 4th quarter valued at approximately $36,421,000. Finally, Federated Hermes Inc. raised its position in WEC Energy Group by 24.4% during the 4th quarter. Federated Hermes Inc. now owns 1,972,553 shares of the utilities provider's stock valued at $185,499,000 after purchasing an additional 387,178 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Wells Fargo & Company upped their target price on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Barclays upped their target price on WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $105.38.

WEC Energy Group Stock Up 0.6 %

Shares of WEC Energy Group stock traded up $0.70 during midday trading on Tuesday, hitting $109.24. The company had a trading volume of 1,500,167 shares, compared to its average volume of 2,142,926. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The stock has a market capitalization of $34.86 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.60 and a beta of 0.44. The company has a 50 day moving average of $106.49 and a 200 day moving average of $100.82. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 annualized dividend and a yield of 3.29%. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 73.91%.

WEC Energy Group 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.