Oliver Lagore Vanvalin Investment Group Has $49,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Oliver Lagore Vanvalin Investment Group lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 377.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 578 shares of the utilities provider’s stock after buying an additional 457 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in WEC Energy Group were worth $49,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dearborn Partners LLC increased its holdings in shares of WEC Energy Group by 29.2% during the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after buying an additional 131,797 shares in the last quarter. Vaughan David Investments LLC IL increased its holdings in shares of WEC Energy Group by 3.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after buying an additional 14,084 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of WEC Energy Group by 13.8% during the third quarter. Annex Advisory Services LLC now owns 205,489 shares of the utilities provider’s stock worth $16,552,000 after buying an additional 24,892 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in WEC Energy Group by 2.3% in the third quarter. Great Lakes Advisors LLC now owns 44,471 shares of the utilities provider’s stock valued at $3,582,000 after purchasing an additional 1,010 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in WEC Energy Group in the fourth quarter valued at $1,855,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Gale E. Klappa sold 37,180 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 2,830 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction of $223,258.70. Following the completion of the transaction, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WEC shares. KeyCorp increased their price objective on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company decreased their price objective on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. downgraded WEC Energy Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $84.00 in a report on Friday, February 2nd. The Goldman Sachs Group initiated coverage on WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, Royal Bank of Canada decreased their price target on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.38.

WEC Energy Group Price Performance

WEC stock opened at $80.44 on Friday. The stock has a market capitalization of $25.37 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. The company’s 50-day moving average is $79.70 and its 200-day moving average is $81.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.55 and a quick ratio of 0.40. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $98.80.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The business’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.15%. WEC Energy Group’s dividend payout ratio (DPR) is presently 79.15%.

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.