XTX Topco Ltd Purchases 20,428 Shares of WEC Energy Group, Inc. (NYSE:WEC)

XTX Topco Ltd lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 373.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,900 shares of the utilities provider's stock after acquiring an additional 20,428 shares during the quarter. XTX Topco Ltd's holdings in WEC Energy Group were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WEC. Wellington Management Group LLP grew its position in WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock worth $1,038,931,000 after purchasing an additional 6,329,574 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $188,879,000. JPMorgan Chase & Co. grew its stake in shares of WEC Energy Group by 17.0% during the 3rd 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. Donaldson Capital Management LLC purchased a new position in WEC Energy Group in the fourth quarter valued at about $36,421,000. Finally, Federated Hermes Inc. boosted its position in WEC Energy Group by 24.4% during the fourth quarter. Federated Hermes Inc. now owns 1,972,553 shares of the utilities provider's stock worth $185,499,000 after purchasing an additional 387,178 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

WEC Energy Group Trading Up 0.8 %

WEC stock traded up $0.86 during trading on Friday, hitting $108.22. The company had a trading volume of 1,571,660 shares, compared to its average volume of 2,150,901. The firm has a 50-day moving average price of $105.86 and a 200-day moving average price of $100.18. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 22.41, a PEG 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.

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

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 currently 73.91%.

Analysts Set New Price Targets

A number of research analysts have issued reports 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 company a "market perform" rating in a report on Wednesday, February 5th. StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus 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.