Annex Advisory Services LLC Has $10.41 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Annex Advisory Services LLC grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,644 shares of the utilities provider's stock after purchasing an additional 6,785 shares during the quarter. Annex Advisory Services LLC's holdings in WEC Energy Group were worth $10,405,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. My Legacy Advisors LLC raised its position in shares of WEC Energy Group by 3.7% in the 4th quarter. My Legacy Advisors LLC now owns 6,568 shares of the utilities provider's stock worth $628,000 after buying an additional 233 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the 4th quarter worth $257,000. Astoria Portfolio Advisors LLC. raised its position in shares of WEC Energy Group by 16.6% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,497 shares of the utilities provider's stock worth $236,000 after buying an additional 355 shares during the period. Ameritas Advisory Services LLC raised its position in shares of WEC Energy Group by 29.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 26,511 shares of the utilities provider's stock worth $2,493,000 after buying an additional 6,067 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of WEC Energy Group by 83.7% in the 4th quarter. HB Wealth Management LLC now owns 7,512 shares of the utilities provider's stock worth $706,000 after buying an additional 3,423 shares during the period. Hedge funds and other institutional investors own 77.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Barclays upgraded 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 report on Thursday, January 2nd. BMO Capital Markets raised their target price on WEC Energy Group from $97.00 to $104.00 and gave the company a "market perform" rating in a research note on Monday, December 2nd. Scotiabank raised their target price on WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research note on Monday, December 9th. Finally, Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $98.40.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares of the company's stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 40,269 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares of the company's stock, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,794 shares of company stock worth $4,866,579. 0.44% of the stock is owned by insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC traded up $0.79 during mid-day trading on Monday, reaching $99.18. 2,024,149 shares of the company traded hands, compared to its average volume of 1,306,195. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The firm has a market cap of $31.37 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.36 and a beta of 0.48. The stock has a fifty day simple moving average of $96.65 and a 200-day simple moving average of $93.26.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities research analysts anticipate that WEC Energy Group, Inc. will post 4.89 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.37%. WEC Energy Group's dividend payout ratio (DPR) is 81.66%.

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.