Wealth Enhancement Advisory Services LLC Has $26.70 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Wealth Enhancement Advisory Services LLC lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 16.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,016 shares of the utilities provider's stock after buying an additional 34,986 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of WEC Energy Group worth $26,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Clean Yield Group boosted its position in WEC Energy Group by 12.6% in the 1st quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock valued at $94,000 after buying an additional 97 shares during the last quarter. Verity & Verity LLC lifted its stake in shares of WEC Energy Group by 4.3% during the first quarter. Verity & Verity LLC now owns 113,896 shares of the utilities provider's stock valued at $12,412,000 after acquiring an additional 4,669 shares during the period. Callan Family Office LLC bought a new position in WEC Energy Group in the fourth quarter valued at about $369,000. Wealthcare Advisory Partners LLC increased its position in WEC Energy Group by 4.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,774 shares of the utilities provider's stock worth $302,000 after purchasing an additional 116 shares during the period. Finally, Teacher Retirement System of Texas increased its position in WEC Energy Group by 39.9% in the fourth quarter. Teacher Retirement System of Texas now owns 2,959 shares of the utilities provider's stock worth $278,000 after purchasing an additional 844 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Trading Up 0.2%

Shares of NYSE WEC traded up $0.22 during midday trading on Friday, reaching $104.05. 3,183,330 shares of the stock were exchanged, compared to its average volume of 2,142,062. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00. The company has a market capitalization of $33.20 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 2.86 and a beta of 0.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.40. The business has a 50-day simple moving average of $106.74 and a two-hundred day simple moving average of $102.97.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.09. WEC Energy Group had a return on equity of 12.94% and a net margin of 17.95%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company posted $1.97 earnings per share. The company's revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.8975 per share. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, May 14th. WEC Energy Group's dividend payout ratio (DPR) is 69.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WEC shares. Barclays upped 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 report on Tuesday, April 29th. Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company lifted 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. Scotiabank set a $115.00 price target on WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, 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 research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and an average price target of $107.13.

Insiders Place Their Bets

In related news, VP Joshua M. Erickson sold 2,155 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now directly owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This represents a 44.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.