9,721 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by PFG Investments LLC

PFG Investments LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,721 shares of the utilities provider's stock, valued at approximately $798,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Portside Wealth Group LLC boosted its position in shares of WEC Energy Group by 1.2% during the third quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider's stock worth $837,000 after acquiring an additional 127 shares during the last quarter. Balentine LLC boosted its position in shares of WEC Energy Group by 2.7% during the third quarter. Balentine LLC now owns 4,899 shares of the utilities provider's stock worth $395,000 after acquiring an additional 131 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of WEC Energy Group by 0.4% during the fourth quarter. N.E.W. Advisory Services LLC now owns 36,086 shares of the utilities provider's stock worth $3,037,000 after acquiring an additional 132 shares during the last quarter. Diversified Trust Co raised its stake in WEC Energy Group by 2.7% during the first quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider's stock valued at $419,000 after purchasing an additional 134 shares in the last quarter. Finally, MPS Loria Financial Planners LLC raised its stake in WEC Energy Group by 2.1% during the first quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider's stock valued at $551,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 77.20% of the company's stock.

Insider Activity

In other news, CEO Scott J. Lauber sold 2,830 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the transaction, the chief executive officer now directly owns 43,125 shares of the company's stock, valued at approximately $3,402,131.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gale E. Klappa sold 37,180 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now directly owns 274,782 shares of the company's stock, valued at $21,622,595.58. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

WEC Energy Group Stock Down 1.6 %

WEC Energy Group stock traded down $1.32 during midday trading on Friday, hitting $81.49. 1,945,646 shares of the company's stock were exchanged, compared to its average volume of 1,418,732. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $97.34. The firm has a 50-day moving average of $80.25 and a two-hundred day moving average of $81.41. The company has a market cap of $25.70 billion, a PE ratio of 19.31, a P/E/G ratio of 2.82 and a beta of 0.40.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.02. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm's quarterly revenue was down 13.3% on a year-over-year basis. As a group, analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Monday, May 13th. WEC Energy Group's dividend payout ratio is currently 79.15%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of WEC Energy Group from $95.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 8th. Barclays decreased their price target on shares of WEC Energy Group from $79.00 to $75.00 and set an "underweight" rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. downgraded shares of WEC Energy Group from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $90.00 to $84.00 in a research note on Friday, February 2nd. Bank of America reaffirmed an "underperform" rating and set a $78.00 price target (down previously from $84.00) on shares of WEC Energy Group in a research note on Thursday, January 4th. Finally, Wells Fargo & Company reduced their target price on shares of WEC Energy Group from $93.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $86.64.

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.

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