DSG Capital Advisors LLC Makes New Investment in WEC Energy Group, Inc. (NYSE:WEC)

DSG Capital Advisors LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,827 shares of the utilities provider's stock, valued at approximately $266,000.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in WEC Energy Group by 3,828.6% during the 4th 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 last quarter. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the 4th quarter worth approximately $28,000. Hoey Investments Inc. acquired a new position in WEC Energy Group during the 4th quarter worth approximately $42,000. Human Investing LLC acquired a new position in WEC Energy Group during the 4th quarter worth approximately $52,000. Finally, Cullen Frost Bankers Inc. boosted its position in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after acquiring an additional 345 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Down 0.2%

Shares of NYSE WEC traded down $0.22 during trading hours on Monday, hitting $107.22. The company had a trading volume of 1,467,721 shares, compared to its average volume of 2,132,181. The stock has a market capitalization of $34.22 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. The firm's 50 day moving average is $107.01 and its 200-day moving average is $102.52.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted 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 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 analysts' expectations of $2.81 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The firm's revenue for the quarter was up 17.5% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were paid a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is 69.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WEC shares. Wells Fargo & Company upped their price target 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. Scotiabank set a $115.00 price target on WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Barclays upped their price target 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. BMO Capital Markets increased their price objective 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. Finally, Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $107.13.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $232,244.35. Following the transaction, the vice president now owns 2,686 shares in the company, valued at $289,470.22. The trade was a 44.52% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company 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.