Toronto Dominion Bank Has $10.64 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Toronto Dominion Bank lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,085 shares of the utilities provider's stock after selling 26,301 shares during the quarter. Toronto Dominion Bank's holdings in WEC Energy Group were worth $10,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richmond Investment Services LLC bought a new position in WEC Energy Group in the 4th quarter worth about $574,000. Parr Mcknight Wealth Management Group LLC bought a new position in WEC Energy Group during the 4th quarter worth approximately $2,433,000. GTS Securities LLC bought a new position in WEC Energy Group during the 4th quarter worth approximately $475,000. Vise Technologies Inc. grew its position in shares of WEC Energy Group by 106.0% in the 4th quarter. Vise Technologies Inc. now owns 6,504 shares of the utilities provider's stock worth $612,000 after buying an additional 3,346 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of WEC Energy Group by 44.0% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 4,680 shares of the utilities provider's stock worth $440,000 after buying an additional 1,430 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

WEC stock traded down $0.22 during trading on Monday, hitting $107.22. The stock had a trading volume of 1,467,721 shares, compared to its average volume of 2,132,181. The stock has a market capitalization of $34.22 billion, a P/E ratio of 22.20, a PEG ratio of 2.60 and a beta of 0.46. The company's 50-day moving average price is $107.01 and its two-hundred day moving average price is $102.52. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. 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 released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, beating 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 analysts' expectations of $2.81 billion. During the same period in the prior year, the firm posted $1.97 earnings per share. The firm's quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were issued a $0.8975 dividend. This represents a $3.59 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is 69.59%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets boosted their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Finally, Barclays upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $107.13.

Insider Activity at WEC Energy Group

In related news, VP Joshua M. Erickson sold 2,155 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the transaction, the vice president now directly owns 2,686 shares in the company, valued at approximately $289,470.22. This represents a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. The trade was a 8.33% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate 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.