9,268 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Legato Capital Management LLC

Legato Capital Management LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,268 shares of the utilities provider's stock, valued at approximately $1,010,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WEC. Hughes Financial Services LLC purchased a new position in shares of WEC Energy Group during the first quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new position in shares of WEC Energy Group during the first quarter valued at about $32,000. Prudent Man Investment Management Inc. purchased a new position in shares of WEC Energy Group during the fourth quarter valued at about $28,000. Golden State Wealth Management LLC grew its position in shares of 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 valued at $37,000 after purchasing an additional 245 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its position in shares of WEC Energy Group by 2,420.0% during the first quarter. Creekmur Asset Management LLC now owns 378 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 363 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction on 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 of the company's stock, valued at $289,470.22. The trade was a 44.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

WEC Energy Group Stock Down 0.0%

Shares of WEC stock traded down $0.01 during trading hours on Friday, reaching $109.53. 1,320,699 shares of the company's stock were exchanged, compared to its average volume of 2,210,211. The stock's 50 day moving average is $105.69 and its 200-day moving average is $104.67. The company has a market cap of $34.95 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 3.00 and a beta of 0.44. 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, Inc. has a fifty-two week low of $83.13 and a fifty-two week high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly 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 the consensus estimate of $2.81 billion. WEC Energy Group had a return on equity of 12.94% and a net margin of 17.95%. The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 earnings per share. Analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 69.59%.

Analysts Set New Price Targets

A number of research analysts have weighed in on WEC shares. Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on WEC Energy Group from $105.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Barclays upped their target price on 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. Finally, The Goldman Sachs Group lowered WEC Energy Group from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $106.00 to $100.00 in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $106.40.

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.