Janus Henderson Group PLC Raises Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Janus Henderson Group PLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3,815.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,471,096 shares of the utilities provider's stock after buying an additional 1,433,522 shares during the quarter. Janus Henderson Group PLC owned 0.47% of WEC Energy Group worth $138,342,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Trading Up 2.6%

Shares of WEC traded up $2.67 on Thursday, hitting $104.91. 1,992,186 shares of the stock traded hands, compared to its average volume of 2,163,852. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $33.48 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.60 and a beta of 0.46. The stock's 50 day moving average is $106.98 and its two-hundred day moving average is $101.53. 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 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.97 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.8975 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.42%. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio (DPR) is currently 69.59%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. BMO Capital Markets increased 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. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and increased their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Barclays increased their price target 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. Finally, Wells Fargo & Company increased their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.