3,010 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Ossiam

Ossiam acquired a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,010 shares of the utilities provider's stock, valued at approximately $283,000.

Other large investors have also made changes to their positions in the company. Norinchukin Bank The raised its stake in WEC Energy Group by 12.7% during the 4th quarter. Norinchukin Bank The now owns 15,221 shares of the utilities provider's stock valued at $1,431,000 after purchasing an additional 1,712 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of WEC Energy Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,179,451 shares of the utilities provider's stock worth $110,917,000 after purchasing an additional 29,438 shares during the period. Forum Financial Management LP raised its position in shares of WEC Energy Group by 26.2% during the fourth quarter. Forum Financial Management LP now owns 5,816 shares of the utilities provider's stock valued at $547,000 after buying an additional 1,206 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $105,000. Finally, Farringdon Capital Ltd. bought a new stake in shares of WEC Energy Group in the fourth quarter valued at about $884,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the company'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 transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm'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 transaction of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

WEC Energy Group Price Performance

WEC Energy Group stock traded down $1.22 during mid-day trading on Friday, hitting $107.69. 2,077,779 shares of the company were exchanged, compared to its average volume of 2,146,959. The company has a market capitalization of $34.36 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The business has a fifty day moving average of $106.38 and a 200 day moving average of $100.63. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. 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 analysts' consensus estimates of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $1.10 EPS. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $0.8975 dividend. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.33%. 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.