WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,134 shares of the utilities provider's stock after buying an additional 4,100 shares during the quarter. Sanctuary Advisors LLC's holdings in WEC Energy Group were worth $9,461,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Coastline Trust Co purchased a new stake in WEC Energy Group during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in WEC Energy Group in the third quarter valued at approximately $45,000. Robbins Farley purchased a new stake in WEC Energy Group in the fourth quarter valued at approximately $64,000. Concord Wealth Partners boosted its position in WEC Energy Group by 20.7% in the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider's stock valued at $75,000 after buying an additional 133 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in WEC Energy Group by 71.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 840 shares of the utilities provider's stock valued at $81,000 after buying an additional 350 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WEC. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Scotiabank lifted their price target on 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $101.88.

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WEC Energy Group Price Performance

NYSE WEC traded up $0.51 during trading hours on Friday, reaching $104.04. The company's stock had a trading volume of 2,969,450 shares, compared to its average volume of 2,252,858. The firm has a market capitalization of $32.91 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.60 and a beta of 0.49. The company's 50-day moving average is $97.76 and its two-hundred day moving average is $96.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. WEC Energy Group, Inc. has a 1-year low of $76.50 and a 1-year high of $104.98.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.21%. WEC Energy Group's dividend payout ratio (DPR) is 73.91%.

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.