Leeward Investments LLC MA Has $13.56 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

Leeward Investments LLC MA reduced its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,376 shares of the utilities provider's stock after selling 18,686 shares during the period. Leeward Investments LLC MA's holdings in WEC Energy Group were worth $13,555,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after buying an additional 268 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in WEC Energy Group during the first quarter worth $32,000. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the fourth quarter worth $28,000. Golden State Wealth Management LLC increased its position in WEC Energy Group by 252.6% during the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock worth $37,000 after buying an additional 245 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new position in shares of WEC Energy Group during the 4th quarter valued at about $42,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

WEC stock traded down $0.19 during trading on Monday, reaching $104.15. 30,238 shares of the stock were exchanged, compared to its average volume of 2,142,645. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. The company has a market capitalization of $33.24 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.86 and a beta of 0.44. The stock has a 50 day simple moving average of $105.94 and a 200-day simple moving average of $103.62. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.23.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced 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 company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $1.97 EPS. WEC Energy Group's revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently declared 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. 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 3.45%. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's payout ratio is currently 69.59%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WEC. The Goldman Sachs Group downgraded WEC Energy Group from a "neutral" rating to a "sell" rating and lowered their price target for the company from $106.00 to $100.00 in a report on Wednesday, June 25th. Barclays raised 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 note on Tuesday, April 29th. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their target price on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $106.33.

Insiders Place Their Bets

In other news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total transaction of $232,244.35. Following the sale, the vice president directly owned 2,686 shares in the company, valued at approximately $289,470.22. The trade was a 44.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

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.