Universal Beteiligungs und Servicegesellschaft mbH Invests $11.60 Million in WEC Energy Group, Inc. (NYSE:WEC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 123,308 shares of the utilities provider's stock, valued at approximately $11,596,000.

A number of other large investors also recently bought and sold shares of WEC. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $28,000. Hoey Investments Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth about $42,000. Human Investing LLC bought a new position in WEC Energy Group in the fourth quarter worth about $52,000. Finally, Cullen Frost Bankers Inc. grew its holdings 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 valued at $55,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WEC. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Wells Fargo & Company raised their target price on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. BMO Capital Markets upped their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Barclays increased their price objective 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. Finally, JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $107.13.

Insider Buying and Selling at WEC Energy Group

In related news, VP Joshua M. Erickson sold 2,155 shares of the business'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 value of $232,244.35. Following the sale, the vice president now directly owns 2,686 shares in the company, valued at $289,470.22. The trade was a 44.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

WEC Energy Group Price Performance

WEC stock traded down $0.88 during trading on Wednesday, hitting $106.49. The company had a trading volume of 418,307 shares, compared to its average volume of 2,123,123. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00. The firm has a market capitalization of $33.98 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.60 and a beta of 0.46. The business has a 50 day moving average of $107.03 and a 200 day moving average of $102.55. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.81 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.97 earnings per share. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current 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 given a $0.8975 dividend. The ex-dividend date was Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.37%. WEC Energy Group's payout ratio is 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.