2,452 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Wedmont Private Capital

Wedmont Private Capital acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,452 shares of the utilities provider's stock, valued at approximately $262,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marcum Wealth LLC lifted its holdings in WEC Energy Group by 1.3% during the 1st quarter. Marcum Wealth LLC now owns 7,416 shares of the utilities provider's stock worth $808,000 after buying an additional 93 shares in the last quarter. Clean Yield Group boosted its holdings in shares of WEC Energy Group by 12.6% in the first quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock valued at $94,000 after acquiring an additional 97 shares in the last quarter. MJP Associates Inc. ADV boosted its holdings in WEC Energy Group by 3.4% during the fourth quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider's stock worth $284,000 after buying an additional 98 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in WEC Energy Group by 1.9% during the first quarter. Peak Financial Advisors LLC now owns 5,339 shares of the utilities provider's stock worth $582,000 after buying an additional 100 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of WEC Energy Group by 1.9% in the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock valued at $553,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

WEC stock traded down $1.52 during midday trading on Friday, hitting $104.92. The company's stock had a trading volume of 1,724,704 shares, compared to its average volume of 2,141,865. The stock's 50-day moving average price is $106.83 and its 200 day moving average price is $102.82. 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 1 year low of $77.47 and a 1 year high of $111.00. The stock has a market cap of $33.48 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its 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 analyst estimates of $2.81 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently declared 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. The ex-dividend date 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 3.42%. WEC Energy Group's dividend payout ratio (DPR) is currently 69.59%.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the company'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 transaction of $232,244.35. Following the transaction, the vice president now owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This represents a 44.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

WEC Energy Group 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.