2,595 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,595 shares of the utilities provider's stock, valued at approximately $244,000.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in shares of WEC Energy Group by 106,685.0% during the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock worth $2,500,680,000 after acquiring an additional 25,975,652 shares during the period. Geode Capital Management LLC boosted its stake in WEC Energy Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider's stock valued at $762,453,000 after purchasing an additional 105,580 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 during the period. Wellington Management Group LLP grew its holdings in WEC Energy Group by 17,270.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock valued at $453,794,000 after buying an additional 4,691,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in WEC Energy Group by 102.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock worth $362,971,000 after buying an additional 1,912,223 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.44% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE WEC traded down $0.39 during trading hours on Wednesday, hitting $105.50. 1,856,600 shares of the stock were exchanged, compared to its average volume of 2,200,149. The company's fifty day simple moving average is $98.19 and its two-hundred day simple moving average is $96.69. The company has a market cap of $33.38 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a 1-year low of $76.50 and a 1-year high of $106.75.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates 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 prior year, the business posted $1.10 EPS. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, February 14th. WEC Energy Group's payout ratio is 73.91%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WEC shares. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, KeyCorp increased their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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.