Marshall Investment Management LLC Invests $422,000 in WEC Energy Group, Inc. (NYSE:WEC)

Marshall Investment Management LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,383 shares of the utilities provider's stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mizuho Securities USA LLC raised its holdings in WEC Energy Group by 106,685.0% during the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock worth $2,500,680,000 after purchasing an additional 25,975,652 shares in the last quarter. Geode Capital Management LLC increased its position in WEC Energy Group by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider's stock worth $762,453,000 after purchasing an additional 105,580 shares during the period. JPMorgan Chase & Co. raised its stake in shares of WEC Energy Group by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after buying an additional 699,177 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of WEC Energy Group by 17,270.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock worth $453,794,000 after buying an additional 4,691,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of WEC Energy Group by 102.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock valued at $362,971,000 after buying an additional 1,912,223 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp raised their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets increased their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Finally, StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $101.88.

WEC Energy Group Price Performance

Shares of WEC stock traded down $0.39 during trading hours on Wednesday, hitting $105.50. The company's stock had a trading volume of 1,856,600 shares, compared to its average volume of 2,200,149. 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 business has a fifty day moving average of $98.19 and a 200-day moving average of $96.69. WEC Energy Group, Inc. has a twelve month low of $76.50 and a twelve month high of $106.75. The stock has a market cap of $33.38 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.60 and a beta of 0.49.

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). The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS 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 given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, February 14th. WEC Energy Group's dividend 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.