4,063 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Clarius Group LLC

Clarius Group LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,063 shares of the utilities provider's stock, valued at approximately $443,000.

Other institutional investors have also recently bought and sold shares of the company. Clean Yield Group grew its holdings in WEC Energy Group by 12.6% during the 1st quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock worth $94,000 after acquiring an additional 97 shares during the period. Optas LLC acquired a new stake in WEC Energy Group during the 1st quarter worth $329,000. Callan Family Office LLC acquired a new stake in WEC Energy Group during the 4th quarter worth $369,000. Verity & Verity LLC grew its holdings in shares of WEC Energy Group by 4.3% in the 1st quarter. Verity & Verity LLC now owns 113,896 shares of the utilities provider's stock valued at $12,412,000 after buying an additional 4,669 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of WEC Energy Group by 4.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,774 shares of the utilities provider's stock valued at $302,000 after buying an additional 116 shares during the period. Institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WEC. Scotiabank set a $115.00 price target on shares of WEC Energy Group and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. Wells Fargo & Company upped their target price on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Barclays upped their target price on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, WEC Energy Group currently has an average rating of "Hold" and an average price target of $107.13.

Insiders Place Their Bets

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the sale, the vice president now directly owns 2,686 shares in the company, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $103.72 on Thursday. The firm has a market cap of $33.10 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.45. The firm's fifty day moving average is $106.83 and its 200-day moving average is $102.87. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.40 and a current ratio of 0.50. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.81 billion. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $1.97 earnings per share. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were issued a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a yield of 3.46%. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, May 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 69.59%.

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.

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