WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 131.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,134 shares of the utilities provider's stock after acquiring an additional 25,661 shares during the period. Quantinno Capital Management LP's holdings in WEC Energy Group were worth $4,244,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Annex Advisory Services LLC increased its position in WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock valued at $10,405,000 after buying an additional 6,785 shares in the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter valued at about $271,000. Merit Financial Group LLC increased its position in WEC Energy Group by 46.4% during the 4th quarter. Merit Financial Group LLC now owns 15,991 shares of the utilities provider's stock valued at $1,504,000 after buying an additional 5,069 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter valued at about $257,000. Finally, SG Americas Securities LLC increased its position in WEC Energy Group by 46.5% during the 4th quarter. SG Americas Securities LLC now owns 65,913 shares of the utilities provider's stock valued at $6,198,000 after buying an additional 20,918 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WEC. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. 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 report on Tuesday, April 29th. Finally, Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and an average target price of $107.13.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the sale, the vice president now owns 2,686 shares in the company, valued at $289,470.22. This represents 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 the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the sale, the director now owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,305 shares of company stock worth $3,067,540 over the last quarter. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Stock Performance

WEC Energy Group stock traded up $1.33 during trading hours on Friday, hitting $106.82. 1,838,006 shares of the stock traded hands, compared to its average volume of 2,146,092. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm's 50 day moving average price is $106.96 and its 200-day moving average price is $102.09. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.60 and a beta of 0.46. 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 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company's revenue was up 17.5% compared to the same quarter last year. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $0.8975 dividend. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.36%. WEC Energy Group's dividend payout ratio is presently 69.59%.

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.