2,501 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,501 shares of the utilities provider's stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEC. Marshall Financial Group LLC raised its position in shares of WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider's stock worth $207,000 after buying an additional 100 shares during the period. Horizon Investments LLC lifted its stake in WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock valued at $553,000 after purchasing an additional 109 shares during the last quarter. Wealth Alliance grew its holdings in shares of WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock worth $1,325,000 after acquiring an additional 110 shares during the last quarter. Advisor OS LLC lifted its stake in WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock worth $303,000 after acquiring an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in WEC Energy Group by 14.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after purchasing an additional 118 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

WEC has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective 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. Wells Fargo & Company upped their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. Barclays boosted their target price on WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $105.38.

WEC Energy Group Price Performance

NYSE WEC traded up $0.70 during trading hours on Tuesday, hitting $109.24. 1,500,167 shares of the company's stock traded hands, compared to its average volume of 2,143,032. 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 52-week low of $77.47 and a 52-week high of $111.00. The firm's 50-day moving average is $106.49 and its 200-day moving average is $100.82. The company has a market capitalization of $34.86 billion, a PE ratio of 22.62, a PEG ratio of 2.60 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued 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 analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is currently 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.