3,448 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Stonehaven Wealth & Tax Solutions LLC

Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,448 shares of the utilities provider's stock, valued at approximately $324,000.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in WEC Energy Group by 134.2% during the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock worth $1,038,931,000 after acquiring an additional 6,329,574 shares during the period. Geode Capital Management LLC grew its stake in shares of WEC Energy Group by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 8,063,653 shares of the utilities provider's stock worth $756,423,000 after purchasing an additional 110,802 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after purchasing an additional 699,177 shares in the last quarter. Invesco Ltd. increased its holdings in shares of WEC Energy Group by 7.9% in the 4th quarter. Invesco Ltd. now owns 4,212,188 shares of the utilities provider's stock valued at $396,114,000 after purchasing an additional 309,697 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of WEC Energy Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,863,782 shares of the utilities provider's stock valued at $363,350,000 after purchasing an additional 87,711 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on WEC shares. BMO Capital Markets upped their target price on shares of 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. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price 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. Finally, StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $104.38.

WEC Energy Group Trading Up 0.8 %

NYSE:WEC traded up $0.86 on Friday, reaching $108.22. The stock had a trading volume of 1,571,660 shares, compared to its average volume of 2,150,901. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00. 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 firm's fifty day moving average is $105.86 and its two-hundred day moving average is $100.18.

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). 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 firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. Equities analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $0.8975 dividend. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.32%. WEC Energy Group's dividend payout ratio is presently 73.91%.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 25,000 shares of the company'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 completion of the transaction, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The transaction 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 that occurred on Monday, February 24th. The stock was 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 in the company, valued at $2,286,635.67. This 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 currently owned by company insiders.

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.