Teza Capital Management LLC Invests $672,000 in WEC Energy Group, Inc. (NYSE:WEC)

Teza Capital Management LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,151 shares of the utilities provider's stock, valued at approximately $672,000.

Several other institutional investors have also recently added to or reduced their stakes in WEC. JPMorgan Chase & Co. grew its position in WEC Energy Group by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after acquiring an additional 699,177 shares during the period. Procyon Advisors LLC grew its position in WEC Energy Group by 13.4% during the fourth quarter. Procyon Advisors LLC now owns 3,478 shares of the utilities provider's stock valued at $327,000 after acquiring an additional 411 shares during the period. Wealthcare Advisory Partners LLC grew its position in WEC Energy Group by 5.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,658 shares of the utilities provider's stock valued at $250,000 after acquiring an additional 140 shares during the period. Merit Financial Group LLC grew its position in WEC Energy Group by 46.4% during the fourth quarter. Merit Financial Group LLC now owns 15,991 shares of the utilities provider's stock valued at $1,504,000 after acquiring an additional 5,069 shares during the period. Finally, Trust Co. of Vermont boosted its position in shares of WEC Energy Group by 39.5% in the fourth quarter. Trust Co. of Vermont now owns 972 shares of the utilities provider's stock worth $91,000 after buying an additional 275 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock traded down $1.12 on Thursday, reaching $105.42. 2,521,203 shares of the company were exchanged, compared to its average volume of 2,157,957. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. The firm has a market cap of $33.64 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.60 and a beta of 0.46. The company's 50-day moving average is $107.02 and its two-hundred day moving average is $101.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share (EPS) 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 business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company posted $1.97 EPS. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a yield of 3.41%. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's dividend payout ratio is 69.59%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays upped their target price on 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. Scotiabank set a $115.00 target price on WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, BMO Capital Markets increased their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $107.13.

Insider Buying and Selling

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the transaction, the vice president now directly owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the 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 transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 28,305 shares of company stock valued at $3,067,540 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

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.