Vaughan David Investments LLC IL Purchases 4,249 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Vaughan David Investments LLC IL increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,088 shares of the utilities provider's stock after purchasing an additional 4,249 shares during the quarter. Vaughan David Investments LLC IL owned about 0.15% of WEC Energy Group worth $45,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WEC. Mizuho Securities USA LLC boosted its position in WEC Energy Group by 106,685.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock valued at $2,500,680,000 after buying an additional 25,975,652 shares during the last quarter. Geode Capital Management LLC boosted its holdings in WEC Energy Group by 1.3% in the third quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider's stock valued at $762,453,000 after acquiring an additional 105,580 shares during the last quarter. JPMorgan Chase & Co. increased its position in WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after purchasing an additional 699,177 shares during the period. Wellington Management Group LLP raised its holdings in WEC Energy Group by 17,270.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock worth $453,794,000 after purchasing an additional 4,691,017 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 1,912,223 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

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WEC Energy Group Trading Up 1.1 %

Shares of WEC Energy Group stock traded up $1.13 during trading hours on Friday, hitting $106.73. The company's stock had a trading volume of 2,614,654 shares, compared to its average volume of 2,209,188. The company has a market capitalization of $33.77 billion, a PE ratio of 22.10, 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 current ratio of 0.60 and a quick ratio of 0.43. The stock has a 50 day moving average of $98.69 and a 200 day moving average of $96.81. WEC Energy Group, Inc. has a 12 month low of $76.78 and a 12 month high of $107.14.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted 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). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.10 earnings per share. WEC Energy Group's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently disclosed 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. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group's dividend payout ratio is presently 73.91%.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the business'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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted 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. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Scotiabank lifted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. KeyCorp increased their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. 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 stock. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of "Hold" and a consensus price target 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.