SRS Capital Advisors Inc. Acquires 2,587 Shares of WEC Energy Group, Inc. (NYSE:WEC)

SRS Capital Advisors Inc. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 461.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,148 shares of the utilities provider's stock after buying an additional 2,587 shares during the quarter. SRS Capital Advisors Inc.'s holdings in WEC Energy Group were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Coastline Trust Co bought a new position in WEC Energy Group in the 3rd quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in WEC Energy Group in the 3rd quarter worth $45,000. Human Investing LLC bought a new position in WEC Energy Group in the 4th quarter worth $52,000. Bank of Jackson Hole Trust bought a new position in WEC Energy Group in the 4th quarter worth $59,000. Finally, Kestra Investment Management LLC bought a new position in WEC Energy Group in the 4th quarter worth $61,000. 77.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm's 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 sale, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

WEC Energy Group Stock Down 0.9 %

WEC stock traded down $0.92 during trading on Wednesday, hitting $104.58. 2,179,552 shares of the stock traded hands, compared to its average volume of 2,235,261. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $108.87. The firm's 50 day moving average is $99.61 and its two-hundred day moving average is $97.33. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. 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 (NYSE:WEC - Get Free Report) last announced 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 firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 14th were issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, February 14th. WEC Energy Group's payout ratio is presently 73.91%.

Analysts Set New Price Targets

Several brokerages have commented on WEC. Scotiabank upped their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. KeyCorp increased their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. BMO Capital Markets increased their price target on shares of 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, Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $101.88.

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.