WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,062 shares of the utilities provider's stock after selling 4,162 shares during the quarter. Leeward Investments LLC MA's holdings in WEC Energy Group were worth $13,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coastline Trust Co purchased a new position in WEC Energy Group during the third quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of WEC Energy Group during the third quarter valued at $45,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter valued at $52,000. Bank of Jackson Hole Trust purchased a new stake in WEC Energy Group during the 4th quarter worth about $59,000. Finally, Kestra Investment Management LLC acquired a new position in WEC Energy Group in the 4th quarter valued at about $61,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WEC. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Scotiabank lifted their target price on shares of 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. Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $101.88.

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WEC Energy Group Trading Down 0.4 %

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

WEC Energy Group (NYSE:WEC - Get Free Report) last posted 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 in the previous year, the business posted $1.10 EPS. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share 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. Investors of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.17%. WEC Energy Group's dividend payout ratio (DPR) is 73.91%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction dated 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 owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is owned by insiders.

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.