Cbre Investment Management Listed Real Assets LLC Trims Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Cbre Investment Management Listed Real Assets LLC cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,332,098 shares of the utilities provider's stock after selling 31,726 shares during the period. WEC Energy Group accounts for 2.2% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 13th biggest holding. Cbre Investment Management Listed Real Assets LLC owned about 0.42% of WEC Energy Group worth $125,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Marshall Financial Group LLC boosted its stake in WEC Energy Group by 4.8% in the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider's stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. Wealth Alliance lifted its stake in shares of WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock worth $1,325,000 after buying an additional 110 shares during the period. Advisor OS LLC lifted its stake in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock worth $303,000 after buying an additional 110 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of WEC Energy Group by 14.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after buying an additional 118 shares during the period. Finally, Tsfg LLC lifted its stake in shares of WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider's stock worth $254,000 after buying an additional 119 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WEC has been the subject of several research reports. Scotiabank lifted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their target price 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 report on Thursday, January 2nd. Finally, KeyCorp lifted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, WEC Energy Group has an average rating of "Hold" and a consensus target price of $101.88.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction that occurred on 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 directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC traded down $0.92 during trading on Wednesday, hitting $104.58. The company had a trading volume of 2,179,552 shares, compared to its average volume of 2,235,261. The stock has a fifty day simple moving average of $99.61 and a two-hundred day simple moving average of $97.33. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $108.87. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. 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 announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) 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 analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 EPS. On average, 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 declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Friday, February 14th were given a dividend of $0.835 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.19%. WEC Energy Group's payout ratio 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.