Leeward Investments LLC MA Sells 18,686 Shares of WEC Energy Group, Inc. (NYSE:WEC)

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in 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 worth $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of WEC Energy Group in the fourth quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in shares of WEC Energy Group in the first quarter worth $32,000. Golden State Wealth Management LLC raised its holdings in shares of WEC Energy Group by 252.6% in the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock worth $37,000 after acquiring an additional 245 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new position in WEC Energy Group in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE WEC traded down $0.01 during mid-day trading on Monday, reaching $104.33. The company had a trading volume of 1,365,452 shares, compared to its average volume of 2,147,912. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.23. The stock has a market cap of $33.29 billion, a PE ratio of 20.34, a P/E/G ratio of 2.86 and a beta of 0.44. The company has a 50-day moving average price of $105.94 and a two-hundred day moving average price of $103.62. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $2.81 billion. WEC Energy Group had a return on equity of 12.94% and a net margin of 17.95%. The company's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 EPS. On average, equities 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 announced 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 annualized dividend and a dividend yield of 3.44%. 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 dividend payout ratio (DPR) is 69.59%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. 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 note on Tuesday, April 29th. Wells Fargo & Company increased their price target on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, WEC Energy Group has a consensus rating of "Hold" and an average target price of $106.33.

Insider Activity at WEC Energy Group

In related news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction on 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 sale, the vice president owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company 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.