WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 51.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,436 shares of the utilities provider's stock after selling 2,557 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in WEC Energy Group were worth $229,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Coastline Trust Co acquired a new position in WEC Energy Group in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new position in shares of WEC Energy Group in the 3rd quarter valued at about $45,000. Robbins Farley acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $64,000. Concord Wealth Partners boosted its holdings in WEC Energy Group by 20.7% during the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider's stock worth $75,000 after buying an additional 133 shares in the last quarter. Finally, NBC Securities Inc. grew its position in WEC Energy Group by 22.2% during the third quarter. NBC Securities Inc. now owns 830 shares of the utilities provider's stock worth $79,000 after buying an additional 151 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

WEC stock traded up $0.51 on Friday, reaching $104.04. The company had a trading volume of 2,969,450 shares, compared to its average volume of 2,163,607. WEC Energy Group, Inc. has a 1 year low of $76.50 and a 1 year high of $104.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The company's fifty day moving average is $97.76 and its 200 day moving average is $96.33. The company has a market cap of $32.91 billion, a P/E ratio of 21.54, a PEG ratio of 2.60 and a beta of 0.49.

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WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company posted $1.10 EPS. WEC Energy Group's quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.21%. WEC Energy Group's dividend payout ratio (DPR) is presently 73.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WEC shares. Scotiabank lifted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. KeyCorp boosted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Finally, Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $101.88.

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.