Aware Super Pty Ltd as trustee of Aware Super Invests $31.13 Million in WEC Energy Group, Inc. (NYSE:WEC)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 331,007 shares of the utilities provider's stock, valued at approximately $31,128,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.10% of WEC Energy Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in WEC Energy Group during the fourth quarter worth about $28,000. Hoey Investments Inc. acquired a new stake in WEC Energy Group during the 4th quarter worth approximately $42,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at $52,000. Finally, Cullen Frost Bankers Inc. grew its stake in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after purchasing an additional 345 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

NYSE:WEC traded up $0.86 during mid-day trading on Friday, reaching $108.22. The stock had a trading volume of 1,571,660 shares, compared to its average volume of 2,150,901. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. The business has a 50 day simple moving average of $105.86 and a 200 day simple moving average of $100.18. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

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

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.8975 per share. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.32%. WEC Energy Group's dividend payout ratio is presently 73.91%.

Insider Buying and Selling at WEC Energy Group

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, BMO Capital Markets upped their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $104.38.

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.