First Command Advisory Services Inc. Has $169,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

First Command Advisory Services Inc. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,794 shares of the utilities provider’s stock after selling 198 shares during the quarter. First Command Advisory Services Inc.’s holdings in WEC Energy Group were worth $169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter worth $70,000. Oppenheimer & Co. Inc. increased its position in shares of WEC Energy Group by 2.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,264 shares of the utilities provider’s stock worth $2,188,000 after buying an additional 623 shares during the period. New York Life Investment Management LLC increased its position in shares of WEC Energy Group by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 42,341 shares of the utilities provider’s stock worth $3,982,000 after buying an additional 362 shares during the period. Advisor OS LLC increased its position in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after buying an additional 110 shares during the period. Finally, Vaughan David Investments LLC IL increased its position in shares of WEC Energy Group by 0.9% during the fourth quarter. Vaughan David Investments LLC IL now owns 489,088 shares of the utilities provider’s stock worth $45,994,000 after buying an additional 4,249 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.0 %

WEC Energy Group stock opened at $105.75 on Friday. WEC Energy Group, Inc. has a 1-year low of $76.78 and a 1-year high of $106.75. The firm has a market capitalization of $33.45 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49. The firm’s fifty day moving average price is $98.69 and its two-hundred day moving average price is $96.81. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

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

WEC Energy Group Cuts Dividend

The company 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 dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s payout ratio is currently 73.91%.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

WEC has been the subject of several recent analyst reports. KeyCorp increased their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank raised their price target on shares of 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, Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.88.

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.