RFG Advisory LLC Decreases Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

RFG Advisory LLC lowered its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,981 shares of the utilities provider's stock after selling 2,791 shares during the period. RFG Advisory LLC's holdings in WEC Energy Group were worth $2,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of WEC Energy Group during the fourth quarter valued at approximately $28,000. Hoey Investments Inc. purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $42,000. Human Investing LLC bought a new position in WEC Energy Group in the fourth quarter worth approximately $52,000. Finally, Cullen Frost Bankers Inc. raised its stake in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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. The trade was a 44.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

WEC Energy Group Stock Down 1.0%

NYSE WEC traded down $1.02 during trading on Thursday, hitting $104.71. The company's stock had a trading volume of 4,183,608 shares, compared to its average volume of 2,133,168. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The company has a market cap of $33.42 billion, a PE ratio of 21.68, a P/E/G ratio of 2.60 and a beta of 0.46. The business's 50 day simple moving average is $107.00 and its 200-day simple moving average is $102.58. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.81 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group's revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $1.97 EPS. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were issued a $0.8975 dividend. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, May 14th. WEC Energy Group's dividend payout ratio is 69.59%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WEC. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. 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 report on Tuesday, April 29th. Scotiabank set a $115.00 price target on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets lifted 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 report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.