Thomasville National Bank Has $20.73 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Thomasville National Bank increased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,251 shares of the utilities provider's stock after acquiring an additional 5,835 shares during the period. WEC Energy Group makes up 1.5% of Thomasville National Bank's portfolio, making the stock its 23rd biggest position. Thomasville National Bank owned approximately 0.06% of WEC Energy Group worth $20,734,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $28,000. Hoey Investments Inc. bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $42,000. Human Investing LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $52,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Insiders Place Their Bets

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group 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 now owns 2,686 shares in the company, valued at $289,470.22. The trade was a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

WEC Energy Group Stock Performance

WEC stock traded down $1.52 on Friday, reaching $104.92. 1,724,704 shares of the company were exchanged, compared to its average volume of 2,145,480. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00. The stock's fifty day moving average price is $106.83 and its 200 day moving average price is $102.83. The firm has a market capitalization of $33.48 billion, a PE ratio of 21.72, a PEG ratio of 2.60 and a beta of 0.45. 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 announced 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. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm posted $1.97 earnings per share. WEC Energy Group's revenue was up 17.5% compared to the same quarter last year. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal 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 3.42%. 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 research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Barclays raised their price target on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $107.13.

About WEC Energy Group

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.