4,357 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Significant Wealth Partners LLC

Significant Wealth Partners LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,357 shares of the utilities provider’s stock, valued at approximately $367,000.

Several other large investors have also recently modified their holdings of the company. Dearborn Partners LLC grew its position in WEC Energy Group by 29.2% during the 4th quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after purchasing an additional 131,797 shares during the last quarter. Vaughan David Investments LLC IL grew its position in WEC Energy Group by 3.4% during the 4th quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after purchasing an additional 14,084 shares during the last quarter. Annex Advisory Services LLC grew its position in WEC Energy Group by 13.8% during the 3rd quarter. Annex Advisory Services LLC now owns 205,489 shares of the utilities provider’s stock worth $16,552,000 after purchasing an additional 24,892 shares during the last quarter. Great Lakes Advisors LLC grew its position in WEC Energy Group by 2.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 44,471 shares of the utilities provider’s stock worth $3,582,000 after purchasing an additional 1,010 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $1,855,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $81.97 on Tuesday. The company’s fifty day moving average price is $79.86 and its 200 day moving average price is $81.40. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $98.80. The company has a market capitalization of $25.86 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results 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. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, research analysts predict that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders 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 yield of 4.07%. The ex-dividend date is Monday, May 13th. WEC Energy Group’s dividend payout ratio is presently 79.15%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WEC shares. Bank of America reissued an “underperform” rating and set a $78.00 target price (down previously from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. JPMorgan Chase & Co. downgraded shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $84.00 in a report on Friday, February 2nd. The Goldman Sachs Group assumed coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.64.

Insiders Place Their Bets

In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 274,782 shares in the company, valued at $21,622,595.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 274,782 shares in the company, valued at $21,622,595.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

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.