First American Bank Purchases 4,327 Shares of WEC Energy Group, Inc. (NYSE:WEC)

First American Bank increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,729 shares of the utilities provider's stock after buying an additional 4,327 shares during the quarter. First American Bank's holdings in WEC Energy Group were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission.

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% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after buying an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in WEC Energy Group during the fourth quarter valued at $28,000. Opal Wealth Advisors LLC acquired a new stake in WEC Energy Group during the first quarter valued at $32,000. Hoey Investments Inc. acquired a new stake in WEC Energy Group during the fourth quarter valued at $42,000. Finally, Cullen Frost Bankers Inc. boosted its position 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 last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

Insider Buying and Selling

In related news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

WEC Energy Group Stock Up 0.2%

Shares of NYSE:WEC traded up $0.22 on Friday, reaching $104.05. The company had a trading volume of 3,183,330 shares, compared to its average volume of 2,142,062. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. The stock has a 50-day moving average price of $106.74 and a 200 day moving average price of $102.97. The stock has a market capitalization of $33.20 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.86 and a beta of 0.45. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 1.23.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.09. WEC Energy Group had a return on equity of 12.94% and a net margin of 17.95%. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same quarter in the previous year, the firm earned $1.97 EPS. The firm's revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were given a dividend of $0.8975 per share. This represents a $3.59 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's payout ratio is currently 69.59%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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. Barclays lifted 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. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Wells Fargo & Company boosted 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. Finally, Wall Street Zen cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $107.13.

WEC Energy Group 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.