WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 106.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,504 shares of the utilities provider's stock after acquiring an additional 3,346 shares during the quarter. Vise Technologies Inc.'s holdings in WEC Energy Group were worth $612,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after buying an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter worth $28,000. Hoey Investments Inc. purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $42,000. Human Investing LLC acquired a new position in WEC Energy Group during the 4th quarter worth $52,000. Finally, Cullen Frost Bankers Inc. raised 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 acquiring an additional 345 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

Shares of WEC stock traded down $2.26 during trading on Wednesday, hitting $105.30. The company had a trading volume of 1,625,757 shares, compared to its average volume of 2,144,743. The stock's 50-day moving average is $106.94 and its two-hundred day moving average is $102.24. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $33.60 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. The firm had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.81 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $1.97 EPS. As a group, analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's dividend payout ratio (DPR) is 69.59%.

Analysts Set New Price Targets

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

Insider Buying and Selling at WEC Energy Group

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

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.