WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Lifted by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 46.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,646 shares of the utilities provider’s stock after buying an additional 1,469 shares during the period. Summit Trail Advisors LLC’s holdings in WEC Energy Group were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEC. Savant Capital LLC lifted its holdings in shares of WEC Energy Group by 3.6% in the fourth quarter. Savant Capital LLC now owns 22,789 shares of the utilities provider’s stock valued at $2,143,000 after purchasing an additional 794 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in WEC Energy Group by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 33,721 shares of the utilities provider’s stock valued at $3,171,000 after buying an additional 475 shares during the period. Miller Howard Investments Inc. NY lifted its stake in WEC Energy Group by 1.3% in the 4th quarter. Miller Howard Investments Inc. NY now owns 13,340 shares of the utilities provider’s stock worth $1,254,000 after acquiring an additional 168 shares in the last quarter. AlphaStar Capital Management LLC boosted its position in WEC Energy Group by 95.8% during the 4th quarter. AlphaStar Capital Management LLC now owns 5,395 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 2,639 shares during the period. Finally, Empowered Funds LLC grew its stake in WEC Energy Group by 23.1% during the 4th quarter. Empowered Funds LLC now owns 14,281 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 1,805 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. This represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The stock was 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 owns 45,709 shares in the company, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock worth $4,866,579 over the last 90 days. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WEC shares. BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company lifted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and an average price target of $101.88.

WEC Energy Group Stock Up 1.5 %

WEC Energy Group stock opened at $102.72 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $102.79. The firm’s fifty day simple moving average is $96.63 and its 200-day simple moving average is $95.41. The company has a market capitalization of $32.49 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.53 and a beta of 0.49.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.25%. WEC Energy Group’s dividend payout ratio (DPR) is presently 69.15%.

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.