2,908 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Dahring Cusmano LLC

Dahring Cusmano LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,908 shares of the utilities provider's stock, valued at approximately $273,000.

Several other hedge funds also recently made changes to their positions in the business. Coastline Trust Co bought a new stake in WEC Energy Group during the third quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of WEC Energy Group during the 3rd quarter worth approximately $45,000. Human Investing LLC bought a new position in WEC Energy Group in the fourth quarter valued at approximately $52,000. Bank of Jackson Hole Trust acquired a new position in WEC Energy Group during the fourth quarter valued at approximately $59,000. Finally, Kestra Investment Management LLC bought a new stake in WEC Energy Group during the fourth quarter worth $61,000. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

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 transaction, the director now owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

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WEC Energy Group Trading Down 0.4 %

NYSE:WEC traded down $0.39 during mid-day trading on Wednesday, hitting $105.50. 1,856,597 shares of the company's stock were exchanged, compared to its average volume of 2,200,141. WEC Energy Group, Inc. has a fifty-two week low of $76.50 and a fifty-two week high of $106.75. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $33.38 billion, a P/E ratio of 21.84, a PEG ratio of 2.60 and a beta of 0.49. The company has a 50 day simple moving average of $98.19 and a 200-day simple moving average of $96.69.

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). 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 business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, February 14th. WEC Energy Group's dividend payout ratio is currently 73.91%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WEC. Barclays upgraded 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 note on Thursday, January 2nd. 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 raised 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 note on Wednesday, February 5th. KeyCorp lifted their price target 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. Finally, Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. 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. Based on data from MarketBeat.com, the stock has a consensus 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.