WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Lowered by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,642 shares of the utilities provider's stock after selling 11,263 shares during the period. Braun Stacey Associates Inc. owned about 0.07% of WEC Energy Group worth $24,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WEC. Wellington Management Group LLP lifted its position in WEC Energy Group by 134.2% during the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock valued at $1,038,931,000 after buying an additional 6,329,574 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter worth $188,879,000. GAMMA Investing LLC lifted its position in shares of WEC Energy Group by 12,777.6% during the first quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider's stock worth $199,872,000 after purchasing an additional 1,819,782 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of WEC Energy Group by 3,815.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,471,096 shares of the utilities provider's stock worth $138,342,000 after purchasing an additional 1,433,522 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd acquired a new position in shares of WEC Energy Group during the fourth quarter worth $53,970,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.7%

Shares of NYSE:WEC traded up $0.75 during midday trading on Friday, reaching $104.50. The company had a trading volume of 1,033,837 shares, compared to its average volume of 2,151,025. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.40. The stock's fifty day moving average price is $105.94 and its 200-day moving average price is $103.55. The stock has a market capitalization of $33.35 billion, a P/E ratio of 20.37, a PEG ratio of 2.86 and a beta of 0.44. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates 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 revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.97 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.8975 per share. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.59 annualized dividend and a yield of 3.44%. WEC Energy Group's payout ratio is presently 69.59%.

Insiders Place Their Bets

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction 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 owned 2,686 shares in the company, valued at $289,470.22. The trade was a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays boosted 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. The Goldman Sachs Group cut shares of WEC Energy Group from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. Scotiabank set a $115.00 target price on shares of WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $106.33.

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.