Blackhawk Capital Partners LLC. Sells 5,992 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Blackhawk Capital Partners LLC. lessened its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 34.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,595 shares of the utilities provider's stock after selling 5,992 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in WEC Energy Group were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $32,000. Prudent Man Investment Management Inc. acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $28,000. Golden State Wealth Management LLC grew its position in shares of WEC Energy Group by 252.6% during the 1st quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock worth $37,000 after buying an additional 245 shares during the period. Finally, Hoey Investments Inc. acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Trading Down 0.6%

NYSE:WEC traded down $0.62 during trading hours on Tuesday, hitting $103.69. The stock had a trading volume of 2,100,091 shares, compared to its average volume of 2,147,722. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.40 and a current ratio of 0.50. The company has a market cap of $33.09 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.86 and a beta of 0.44. The business's 50 day moving average is $105.85 and its 200-day moving average is $103.69.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm posted $1.97 earnings per share. The business's revenue was up 17.5% on a year-over-year basis. Sell-side analysts anticipate 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 was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were paid a $0.8975 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.46%. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's payout ratio is presently 69.59%.

Analysts Set New Price Targets

Several brokerages have recently commented on WEC. Barclays lifted their price target 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. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. 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. Wells Fargo & Company lifted their price target 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. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $106.33.

Insiders Place Their Bets

In other WEC Energy Group 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 value of $232,244.35. Following the transaction, the vice president owned 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

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.