Aaron Wealth Advisors LLC Invests $257,000 in WEC Energy Group, Inc. (NYSE:WEC)

Aaron Wealth Advisors LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,731 shares of the utilities provider's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Mizuho Securities USA LLC grew its holdings in shares of WEC Energy Group by 106,685.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock valued at $2,500,680,000 after purchasing an additional 25,975,652 shares during the last quarter. Wellington Management Group LLP grew its holdings in WEC Energy Group by 17,270.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock worth $453,794,000 after acquiring an additional 4,691,017 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in WEC Energy Group by 102.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock worth $362,971,000 after acquiring an additional 1,912,223 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after acquiring an additional 699,177 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in WEC Energy Group by 57.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,238 shares of the utilities provider's stock worth $182,765,000 after acquiring an additional 695,317 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

Shares of WEC stock traded up $1.20 during trading hours on Tuesday, reaching $100.23. The company had a trading volume of 2,205,091 shares, compared to its average volume of 1,817,248. The business has a fifty day moving average price of $96.66 and a 200-day moving average price of $93.41. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The firm has a market cap of $31.71 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business's revenue for the quarter was down 4.8% on a year-over-year basis. Sell-side analysts predict that WEC Energy Group, Inc. will post 4.89 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.33%. WEC Energy Group's dividend payout ratio (DPR) is 81.66%.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares of the company's stock, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now directly owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,794 shares of company stock worth $4,866,579. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp raised their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $98.40.

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.