Wealth Enhancement Advisory Services LLC Grows 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 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,030 shares of the utilities provider's stock after acquiring an additional 11,684 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.07% of WEC Energy Group worth $19,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. MJP Associates Inc. ADV raised its position in shares of WEC Energy Group by 3.4% in the fourth quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider's stock worth $284,000 after acquiring an additional 98 shares during the period. Horizon Investments LLC boosted its position in WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock worth $553,000 after acquiring an additional 109 shares during the last quarter. Wealth Alliance grew its position in shares of WEC Energy Group by 0.8% in the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock valued at $1,325,000 after purchasing an additional 110 shares in the last quarter. Advisor OS LLC boosted its position in shares of WEC Energy Group by 3.5% during the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock valued at $303,000 after acquiring an additional 110 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of WEC Energy Group by 14.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

WEC stock traded down $0.88 on Wednesday, reaching $106.49. 418,307 shares of the company's stock were exchanged, compared to its average volume of 2,123,129. The stock has a fifty day moving average of $107.03 and a 200-day moving average of $102.55. The firm has a market cap of $33.98 billion, a PE ratio of 22.05, a P/E/G ratio of 2.60 and a beta of 0.46. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly 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 business had revenue of $3.15 billion for 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 business's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were issued a $0.8975 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost 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 3.37%. WEC Energy Group's dividend payout ratio (DPR) is 69.59%.

Insider Activity

In other news, VP Joshua M. Erickson sold 2,155 shares of the firm'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 transaction 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 $289,470.22. This trade represents a 44.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

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