WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,327 shares of the utilities provider's stock after buying an additional 4,182 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in WEC Energy Group were worth $2,945,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its position in WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in WEC Energy Group during the 4th quarter valued at about $28,000. Hoey Investments Inc. purchased a new stake in WEC Energy Group in the 4th quarter worth about $42,000. Human Investing LLC bought a new stake in WEC Energy Group in the fourth quarter worth about $52,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after buying an additional 345 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares in the company, 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 document filed with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

WEC Energy Group Stock Up 0.5 %

WEC Energy Group stock traded up $0.57 during trading hours on Thursday, reaching $109.33. The stock had a trading volume of 302,599 shares, compared to its average volume of 2,137,509. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00. The company has a market cap of $34.89 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The business's 50 day moving average price is $106.17 and its 200-day moving average price is $100.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 17.75% and a return on equity of 12.39%. The company's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio (DPR) is currently 73.91%.

Analyst Ratings Changes

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

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.