GTS Securities LLC Purchases New Stake in WEC Energy Group, Inc. (NYSE:WEC)

GTS Securities LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,056 shares of the utilities provider's stock, valued at approximately $475,000.

Several other large investors have also recently bought and sold shares of WEC. Larson Financial Group LLC boosted its holdings in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter worth $28,000. Hoey Investments Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter worth $42,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter worth $52,000. Finally, Cullen Frost Bankers Inc. increased its position in WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity

In other WEC Energy Group news, 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 transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the sale, the vice president now directly owns 2,686 shares of the company's stock, valued at $289,470.22. This represents a 44.52% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Stock Up 1.4%

NYSE:WEC traded up $1.49 during trading hours on Friday, reaching $107.51. 2,612,257 shares of the stock were exchanged, compared to its average volume of 2,146,402. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month 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 firm has a 50 day moving average of $106.91 and a 200 day moving average of $102.31. The stock has a market cap of $34.31 billion, a PE ratio of 22.26, a PEG ratio of 2.60 and a beta of 0.46.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly 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 return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. The business's revenue was up 17.5% on a year-over-year basis. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is presently 69.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted 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 report on Wednesday, May 7th. Barclays increased 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 report on Tuesday, April 29th. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Scotiabank set a $115.00 price target on shares of WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets upped their target price 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $107.13.

WEC Energy Group Company 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.