WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Increased by Beck Bode LLC

Beck Bode LLC increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,822 shares of the utilities provider's stock after acquiring an additional 14,203 shares during the period. WEC Energy Group comprises approximately 2.9% of Beck Bode LLC's investment portfolio, making the stock its 10th largest holding. Beck Bode LLC owned 0.05% of WEC Energy Group worth $16,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WEC. Marshall Financial Group LLC raised its holdings in shares of 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 valued at $207,000 after purchasing an additional 100 shares during the period. Horizon Investments LLC boosted its holdings in WEC Energy Group by 1.9% in the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock worth $553,000 after acquiring an additional 109 shares in the last quarter. Wealth Alliance grew its stake in WEC Energy Group by 0.8% in the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock valued at $1,325,000 after acquiring an additional 110 shares during the period. Advisor OS LLC increased its holdings 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 valued at $303,000 after acquiring an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of WEC Energy Group by 14.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after purchasing an additional 118 shares during the period. Institutional investors own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WEC. Barclays lifted 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, April 29th. Wells Fargo & Company raised their target price on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. BMO Capital Markets lifted their price objective on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and an average price target of $105.38.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was 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 represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was 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 in the company, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Trading Up 1.1 %

NYSE:WEC traded up $1.16 during trading hours on Tuesday, hitting $109.86. The company had a trading volume of 2,219,278 shares, compared to its average volume of 2,141,281. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00. 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 50-day moving average price of $106.99 and a 200 day moving average price of $101.25. The company has a market capitalization of $35.05 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $1.97 EPS. The company's revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $0.8975 dividend. This represents a $3.59 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's payout ratio is currently 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.