City State Bank Has $564,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

City State Bank lowered its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,996 shares of the utilities provider’s stock after selling 257 shares during the quarter. City State Bank’s holdings in WEC Energy Group were worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of WEC Energy Group by 5.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock worth $216,000 after buying an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of WEC Energy Group by 2.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock worth $474,000 after buying an additional 117 shares in the last quarter. Drake & Associates LLC increased its holdings in shares of WEC Energy Group by 2.0% during the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock worth $598,000 after buying an additional 120 shares in the last quarter. Park National Corp OH increased its holdings in WEC Energy Group by 3.4% in the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 130 shares during the period. Finally, Concord Wealth Partners increased its holdings in WEC Energy Group by 20.7% in the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Down 0.1 %

Shares of WEC stock traded down $0.05 on Monday, reaching $93.36. 257,404 shares of the company were exchanged, compared to its average volume of 1,583,720. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.59 and a beta of 0.48. The company has a 50-day moving average of $96.61 and a 200-day moving average of $92.62. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Increases 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 $0.8925 dividend. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.57 annualized dividend and a yield of 3.82%. WEC Energy Group’s dividend payout ratio (DPR) is presently 87.29%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. KeyCorp increased their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Wells Fargo & Company increased their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America upgraded 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 report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $98.40.

Insider Activity at WEC Energy Group

In related news, Director Gale E. Klappa sold 1,805 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the transaction, the director now owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the transaction, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,794 shares of company stock valued at $4,866,579. 0.34% of the stock is owned by corporate 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.