WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Clayton Financial Group LLC

Clayton Financial Group LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,616 shares of the utilities provider’s stock after buying an additional 175 shares during the quarter. Clayton Financial Group LLC’s holdings in WEC Energy Group were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WEC. Marshall Financial Group LLC raised its holdings in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after buying an additional 100 shares during the period. Tsfg LLC boosted its holdings in WEC Energy Group by 4.6% in the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 119 shares during the period. Drake & Associates LLC grew its position in WEC Energy Group by 2.0% in the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after acquiring an additional 120 shares in the last quarter. Concord Wealth Partners raised its stake in shares of WEC Energy Group by 20.7% during 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. Finally, TrinityPoint Wealth LLC boosted its stake in shares of WEC Energy Group by 1.3% in the third quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock valued at $1,034,000 after purchasing an additional 134 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.1 %

Shares of NYSE:WEC opened at $99.30 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $96.62 and its 200 day moving average price is $94.89. The company has a market cap of $31.41 billion, a PE ratio of 24.28, a P/E/G ratio of 2.50 and a beta of 0.49. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $102.79.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results 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 15.14% and a return on equity of 11.72%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.9 earnings per share for the current 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 issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Insider Activity at WEC Energy Group

In related news, Director Gale E. Klappa sold 1,805 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now owns 273,248 shares of the company’s stock, valued at $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the company’s 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 completion of the sale, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. 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 ninety days. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WEC. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. KeyCorp boosted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. 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 research report on Monday, December 9th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $100.00.

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.