Bryn Mawr Capital Management LLC Sells 438 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Bryn Mawr Capital Management LLC decreased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,134 shares of the utilities provider’s stock after selling 438 shares during the period. Bryn Mawr Capital Management LLC’s holdings in WEC Energy Group were worth $432,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WEC. Tennessee Valley Asset Management Partners bought a new stake in shares of WEC Energy Group during the 4th quarter worth about $26,000. Valued Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 4th quarter worth about $28,000. Fortitude Family Office LLC acquired a new stake in WEC Energy Group in the 4th quarter worth about $33,000. Authentikos Wealth Advisory LLC acquired a new stake in WEC Energy Group in the 3rd quarter worth about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in WEC Energy Group in the 3rd quarter worth about $38,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $81.49 on Friday. The company has a 50 day simple moving average of $80.25 and a 200 day simple moving average of $81.42. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.82 and a beta of 0.40. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $97.34. 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 (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 business had revenue of $2.22 billion during 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 firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Research analysts anticipate that WEC Energy Group, Inc. will post 4.87 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. Investors 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 4.10%. The ex-dividend date of this dividend is Monday, May 13th. WEC Energy Group’s dividend payout ratio is 79.15%.

Insider Buying and Selling

In related news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction that occurred 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 approximately $21,622,595.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction that occurred on 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 owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WEC. Wells Fargo & Company dropped their price objective on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $90.00 to $84.00 in a research note on Friday, February 2nd. Bank of America reiterated an “underperform” rating and issued a $78.00 price objective (down previously from $84.00) on shares of WEC Energy Group in a research note on Thursday, January 4th. KeyCorp boosted their target price on shares of WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus target price of $86.64.

About WEC Energy Group

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.