WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Jump Financial LLC

Jump Financial LLC raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 142.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,452 shares of the utilities provider's stock after acquiring an additional 7,322 shares during the quarter. Jump Financial LLC's holdings in WEC Energy Group were worth $1,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its position in WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after acquiring an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the fourth quarter worth $28,000. Hoey Investments Inc. purchased a new stake in WEC Energy Group in the 4th quarter valued at $42,000. Human Investing LLC purchased a new position in shares of WEC Energy Group during the 4th quarter worth $52,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

Shares of WEC traded down $1.20 during midday trading on Friday, reaching $107.71. 1,185,120 shares of the stock were exchanged, compared to its average volume of 2,143,938. The company has a market capitalization of $34.37 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.60 and a beta of 0.44. 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 twelve month low of $77.47 and a twelve month high of $111.00. The business's 50-day moving average price is $106.29 and its 200 day moving average price is $100.54.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect 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. Investors of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. The ex-dividend date is Wednesday, May 14th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.33%. WEC Energy Group's dividend payout ratio (DPR) is currently 73.91%.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the business'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 transaction, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The sale 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 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 value 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on WEC. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. BMO Capital Markets increased their price objective 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. Finally, Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $104.38.

WEC Energy Group 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.