WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Decreased by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 34.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,527 shares of the utilities provider's stock after selling 29,143 shares during the quarter. WEC Energy Group comprises 1.4% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 22nd largest position. Hunter Perkins Capital Management LLC's holdings in WEC Energy Group were worth $6,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Marcum Wealth LLC increased its holdings in shares of WEC Energy Group by 1.3% during the 1st quarter. Marcum Wealth LLC now owns 7,416 shares of the utilities provider's stock worth $808,000 after buying an additional 93 shares during the last quarter. Clean Yield Group boosted its holdings in WEC Energy Group by 12.6% in the first quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock valued at $94,000 after acquiring an additional 97 shares during the last quarter. MJP Associates Inc. ADV grew its position in WEC Energy Group by 3.4% during the fourth quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider's stock valued at $284,000 after acquiring an additional 98 shares during the period. Premier Path Wealth Partners LLC increased its stake in WEC Energy Group by 3.0% during the first quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider's stock worth $363,000 after acquiring an additional 98 shares during the last quarter. Finally, Peak Financial Advisors LLC increased its stake in WEC Energy Group by 1.9% during the first quarter. Peak Financial Advisors LLC now owns 5,339 shares of the utilities provider's stock worth $582,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Stock Down 0.2%

Shares of WEC traded down $0.23 during mid-day trading on Friday, reaching $103.09. 1,851,105 shares of the stock traded hands, compared to its average volume of 2,141,291. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.83 and a beta of 0.45. The stock has a fifty day simple moving average of $106.44 and a 200 day simple moving average of $103.12. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00. 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 issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The firm had revenue of $3.15 billion for 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 firm's revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 EPS 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 issued 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 3.48%. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is currently 69.59%.

Analyst Upgrades and Downgrades

WEC has been the topic of several research analyst reports. Scotiabank set a $115.00 price objective on WEC Energy Group and gave the company an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group cut shares of WEC Energy Group from a "neutral" rating to a "sell" rating and reduced their price target for the company from $106.00 to $100.00 in a research report on Wednesday. Wall Street Zen downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Finally, Barclays lifted 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 report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of "Hold" and an average price target of $106.33.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the company's stock in a transaction that occurred 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 directly owns 2,686 shares of the company's stock, valued at $289,470.22. This represents a 44.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

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.