Donaldson Capital Management LLC Has $46.80 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Donaldson Capital Management LLC increased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,443 shares of the utilities provider's stock after acquiring an additional 42,150 shares during the period. WEC Energy Group makes up 1.8% of Donaldson Capital Management LLC's portfolio, making the stock its 25th biggest position. Donaldson Capital Management LLC owned approximately 0.13% of WEC Energy Group worth $46,801,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WEC. Wellington Management Group LLP grew its position in WEC Energy Group by 134.2% in the 4th 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. bought a new position in WEC Energy Group in the 4th quarter valued at about $188,879,000. GAMMA Investing LLC grew its position in WEC Energy Group by 12,777.6% in the 1st quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider's stock valued at $199,872,000 after buying an additional 1,819,782 shares in the last quarter. Janus Henderson Group PLC grew its position in WEC Energy Group by 3,815.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,471,096 shares of the utilities provider's stock valued at $138,342,000 after buying an additional 1,433,522 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd bought a new position in WEC Energy Group in the 4th quarter valued at about $53,970,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WEC shares. Barclays increased their target price on shares of 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. 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. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $107.13.

WEC Energy Group Trading Down 1.4%

Shares of WEC traded down $1.52 during midday trading on Friday, hitting $104.92. The stock had a trading volume of 1,724,704 shares, compared to its average volume of 2,145,480. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00. The business has a 50-day simple moving average of $106.83 and a two-hundred day simple moving average of $102.83. The firm has a market cap of $33.48 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same period last year, the company posted $1.97 earnings per share. The business's revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were given a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, May 14th. WEC Energy Group's dividend payout ratio is 69.59%.

Insider Transactions at WEC Energy Group

In related news, VP Joshua M. Erickson sold 2,155 shares of the firm's 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 transaction, the vice president now owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

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.