Capital Advisors Ltd. LLC Acquires 118 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Capital Advisors Ltd. LLC raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 916 shares of the utilities provider’s stock after buying an additional 118 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in WEC Energy Group were worth $86,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mizuho Securities USA LLC grew its position in shares of WEC Energy Group by 106,685.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider’s stock worth $2,500,680,000 after buying an additional 25,975,652 shares during the last quarter. Geode Capital Management LLC grew its position in shares of WEC Energy Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider’s stock worth $762,453,000 after buying an additional 105,580 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after buying an additional 699,177 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of WEC Energy Group by 17,270.5% during the third quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider’s stock valued at $453,794,000 after purchasing an additional 4,691,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of WEC Energy Group by 102.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock valued at $362,971,000 after purchasing an additional 1,912,223 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Up 0.8 %

WEC stock opened at $104.89 on Tuesday. WEC Energy Group, Inc. has a 1-year low of $76.50 and a 1-year high of $105.29. The business has a fifty day moving average price of $97.96 and a 200-day moving average price of $96.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The stock has a market capitalization of $33.18 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.60 and a beta of 0.49.

WEC Energy Group (NYSE:WEC) last posted its quarterly 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 business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s payout ratio is currently 73.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WEC shares. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price target 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. Scotiabank lifted their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Finally, KeyCorp lifted 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 given a buy rating to the company. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price 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.