3,671 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Aegis Wealth Management LLC

Aegis Wealth Management LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,671 shares of the utilities provider's stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after acquiring an additional 268 shares during the period. Prudent Man Investment Management Inc. bought a new stake in WEC Energy Group during the fourth quarter valued at about $28,000. Hoey Investments Inc. bought a new stake in WEC Energy Group during the fourth quarter valued at about $42,000. Human Investing LLC bought a new stake in WEC Energy Group during the fourth quarter valued at about $52,000. Finally, Cullen Frost Bankers Inc. grew its holdings 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 valued at $55,000 after purchasing an additional 345 shares during the period. Institutional investors own 77.20% of the company's stock.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the sale, the vice president now owns 2,686 shares of the company's stock, valued at approximately $289,470.22. The trade was a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred 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 directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WEC shares. Barclays boosted their price objective on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Scotiabank set a $115.00 price objective on WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. BMO Capital Markets boosted their price objective on 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, Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and an average target price of $107.13.

WEC Energy Group Trading Up 1.4%

WEC stock traded up $1.49 during midday trading on Friday, reaching $107.51. 2,612,257 shares of the company traded hands, compared to its average volume of 2,144,765. 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 quick ratio of 0.43 and a current ratio of 0.60. The business has a 50 day moving average of $106.91 and a 200-day moving average of $102.31. The firm has a market capitalization of $34.31 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.46.

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, beating 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 for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $1.97 earnings per share. The company's quarterly revenue was up 17.5% compared to the same quarter last year. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.8975 per share. 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. This represents a $3.59 dividend on an annualized basis and a yield of 3.34%. WEC Energy Group's dividend payout ratio is 69.59%.

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.