Stablepoint Partners LLC Has $1.30 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Stablepoint Partners LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 75.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,884 shares of the utilities provider's stock after buying an additional 5,121 shares during the quarter. Stablepoint Partners LLC's holdings in WEC Energy Group were worth $1,295,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in WEC Energy Group in the 4th quarter valued at approximately $28,000. Hoey Investments Inc. bought a new position in WEC Energy Group in the 4th quarter valued at approximately $42,000. Human Investing LLC acquired a new stake in WEC Energy Group in the fourth quarter valued at approximately $52,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $105.64 on Friday. The stock's 50 day moving average is $106.84 and its 200 day moving average is $102.66. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00. The firm has a market cap of $33.71 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.60 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

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. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. 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 previous year, the company earned $1.97 EPS. The company's revenue for the quarter was up 17.5% on a year-over-year basis. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were given a $0.8975 dividend. The ex-dividend date was Wednesday, May 14th. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.40%. WEC Energy Group's dividend payout ratio (DPR) is 69.59%.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 2,686 shares of the company's stock, valued at $289,470.22. This trade represents a 44.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

WEC has been the subject of a number of research reports. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Wells Fargo & Company increased their target price on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Barclays lifted their price target 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. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Finally, Scotiabank set a $115.00 target price on shares of WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has an average rating of "Hold" and a consensus target price of $107.13.

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.

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