Susquehanna Fundamental Investments LLC Buys Shares of 245,031 WEC Energy Group, Inc. (NYSE:WEC)

Susquehanna Fundamental Investments LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 245,031 shares of the utilities provider's stock, valued at approximately $23,043,000. Susquehanna Fundamental Investments LLC owned 0.08% of WEC Energy Group at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WEC. Wellington Management Group LLP lifted its position in shares of WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock worth $1,038,931,000 after buying an additional 6,329,574 shares during the last quarter. Raymond James Financial Inc. bought a new position in WEC Energy Group in the fourth quarter valued at about $188,879,000. JPMorgan Chase & Co. increased its stake in shares of WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after buying an additional 699,177 shares during the period. Donaldson Capital Management LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $36,421,000. Finally, Federated Hermes Inc. increased its stake in shares of WEC Energy Group by 24.4% in the fourth quarter. Federated Hermes Inc. now owns 1,972,553 shares of the utilities provider's stock valued at $185,499,000 after buying an additional 387,178 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the transaction, the director now owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on WEC shares. Barclays increased their price target on WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $105.38.

WEC Energy Group Trading Down 0.2 %

Shares of NYSE WEC traded down $0.26 during midday trading on Thursday, hitting $109.26. The company's stock had a trading volume of 690,555 shares, compared to its average volume of 2,301,775. The business's 50 day moving average is $106.71 and its two-hundred day moving average is $100.93. The firm has a market cap of $34.86 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00. 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 - Get Free Report) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) 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%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. This represents a $3.59 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio (DPR) is 73.91%.

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.