Human Investing LLC Acquires New Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Human Investing LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 550 shares of the utilities provider’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Financial Group LLC lifted its stake in WEC Energy Group by 4.8% during the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 100 shares during the last quarter. Tsfg LLC lifted its stake in WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 119 shares during the last quarter. Concord Wealth Partners lifted its stake in WEC Energy Group by 20.7% during the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 133 shares during the last quarter. TrinityPoint Wealth LLC lifted its stake in WEC Energy Group by 1.3% during the third quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 134 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in WEC Energy Group by 4.7% during the third quarter. Synovus Financial Corp now owns 2,980 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 135 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $103.10 on Monday. WEC Energy Group, Inc. has a twelve month low of $76.50 and a twelve month high of $104.01. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $97.05 and a two-hundred day moving average of $95.86. The stock has a market cap of $32.62 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.53 and a beta of 0.49.

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

WEC Energy Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio is presently 69.15%.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 40,269 shares of WEC Energy Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the completion of the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WEC shares. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Scotiabank boosted their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, KeyCorp boosted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $101.88.

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.