Atria Wealth Solutions Inc. Has $1.92 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Atria Wealth Solutions Inc. lifted its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 46.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,394 shares of the utilities provider's stock after buying an additional 6,434 shares during the period. Atria Wealth Solutions Inc.'s holdings in WEC Energy Group were worth $1,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Annex Advisory Services LLC grew its stake in shares of WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock worth $10,405,000 after purchasing an additional 6,785 shares during the period. DRW Securities LLC purchased a new stake in WEC Energy Group in the 3rd quarter worth approximately $1,392,000. Matrix Trust Co acquired a new position in WEC Energy Group in the 4th quarter valued at $1,538,000. Motley Fool Wealth Management LLC lifted its stake in shares of WEC Energy Group by 51.0% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock worth $2,883,000 after purchasing an additional 10,126 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock worth $42,689,000 after purchasing an additional 78,580 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

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Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.44% of the company's stock.

WEC Energy Group Stock Down 0.6 %

WEC stock traded down $0.63 during trading hours on Wednesday, hitting $105.26. The company's stock had a trading volume of 467,536 shares, compared to its average volume of 2,162,139. 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, Inc. has a 12 month low of $76.50 and a 12 month high of $106.75. The stock has a 50 day moving average price of $98.19 and a two-hundred day moving average price of $96.69. The company has a market capitalization of $33.30 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued 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 return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.17%. WEC Energy Group's dividend payout ratio (DPR) is presently 73.91%.

Analysts Set New Price Targets

A number of analysts recently issued reports on WEC shares. BMO Capital Markets increased their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Scotiabank increased their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, KeyCorp raised their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of "Hold" and a consensus target price of $101.88.

WEC Energy Group Company 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.