Boston Trust Walden Corp Acquires 9,120 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Boston Trust Walden Corp raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,266 shares of the utilities provider's stock after buying an additional 9,120 shares during the period. Boston Trust Walden Corp's holdings in WEC Energy Group were worth $13,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WEC. Premier Path Wealth Partners LLC grew its position in WEC Energy Group by 3.0% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider's stock worth $363,000 after acquiring an additional 98 shares during the last quarter. Friedenthal Financial bought a new position in WEC Energy Group in the 1st quarter valued at $81,000. Centennial Wealth Advisory LLC boosted its stake in WEC Energy Group by 25.3% in the first quarter. Centennial Wealth Advisory LLC now owns 5,008 shares of the utilities provider's stock worth $546,000 after purchasing an additional 1,011 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of WEC Energy Group by 3.7% during the first quarter. Johnson Investment Counsel Inc. now owns 10,157 shares of the utilities provider's stock worth $1,107,000 after purchasing an additional 359 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of WEC Energy Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 37,230 shares of the utilities provider's stock worth $4,057,000 after purchasing an additional 1,150 shares during the last quarter. 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 trading on Friday, hitting $104.05. 3,183,330 shares of the company's stock were exchanged, compared to its average volume of 2,150,584. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.23. The firm has a market cap of $33.20 billion, a P/E ratio of 20.28, a PEG ratio of 2.85 and a beta of 0.45. The firm has a 50-day moving average price of $106.80 and a two-hundred day moving average price of $102.90. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. The firm 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 17.95% and a return on equity of 12.94%. The business's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $1.97 earnings per share. Equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is currently 69.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WEC shares. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. 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 research report on Wednesday, May 7th. Barclays boosted their target price on shares of 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. Wall Street Zen raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $107.13.

Insider Buying and Selling at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was 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 in the company, valued at approximately $289,470.22. The trade was a 44.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.