CreativeOne Wealth LLC Takes $315,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

CreativeOne Wealth LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,352 shares of the utilities provider's stock, valued at approximately $315,000.

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

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the 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 completion of the sale, the director now owns 21,951 shares of the company's stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,715,500.00. Following 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on WEC shares. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. StockNews.com raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets boosted their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $104.38.

WEC Energy Group Stock Up 0.2 %

Shares of NYSE WEC traded up $0.20 during midday trading on Thursday, hitting $108.96. 1,650,932 shares of the company's stock were exchanged, compared to its average volume of 2,144,467. The firm's fifty day simple moving average is $106.17 and its 200-day simple moving average is $100.44. The company has a market cap of $34.77 billion, a PE ratio of 22.56, a P/E/G ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS 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 dividend yield of 3.29%. The ex-dividend date is Wednesday, May 14th. WEC Energy Group's payout ratio is presently 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.