Aquatic Capital Management LLC Takes $5.59 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Aquatic Capital Management LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,480 shares of the utilities provider's stock, valued at approximately $5,593,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Larson Financial Group LLC boosted its holdings in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in WEC Energy Group during the 4th quarter valued at about $28,000. Hoey Investments Inc. purchased a new stake in WEC Energy Group during the 4th quarter valued at about $42,000. Human Investing LLC purchased a new stake in WEC Energy Group during the 4th quarter valued at about $52,000. Finally, Cullen Frost Bankers Inc. boosted its holdings 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 valued at $55,000 after acquiring an additional 345 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value 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 approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 completion of the sale, the director now directly owns 21,951 shares of the company's stock, valued at approximately $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 corporate insiders.

Wall Street Analysts Forecast Growth

WEC has been the subject of several analyst reports. BMO Capital Markets increased their target price on WEC Energy Group from $95.00 to $100.00 and gave the company 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 increased their price objective for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Barclays increased their price objective on WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a report on Tuesday. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Wells Fargo & Company increased their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.38.

WEC Energy Group Stock Up 0.6 %

Shares of NYSE:WEC traded up $0.70 during trading on Tuesday, hitting $109.24. The stock had a trading volume of 1,500,167 shares, compared to its average volume of 2,142,926. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00. The company has a market capitalization of $34.86 billion, a PE ratio of 22.62, a PEG ratio of 2.60 and a beta of 0.44. The firm's fifty day moving average is $106.60 and its 200 day moving average is $100.87. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $1.10 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

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

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.