WEC Energy Group, Inc. (NYSE:WEC) Holdings Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,607 shares of the utilities provider's stock after selling 11,000 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in WEC Energy Group were worth $2,324,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of WEC Energy Group in the fourth quarter valued at about $26,000. Valued Wealth Advisors LLC acquired a new position in shares of WEC Energy Group in the fourth quarter valued at about $28,000. First United Bank & Trust acquired a new position in shares of WEC Energy Group in the fourth quarter valued at about $30,000. Fortitude Family Office LLC acquired a new position in shares of WEC Energy Group in the fourth quarter valued at about $33,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of WEC Energy Group in the third quarter valued at about $38,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on 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. The Goldman Sachs Group assumed coverage on WEC Energy Group in a research note on Wednesday, April 10th. They issued a "neutral" rating and a $88.00 target price on the stock. Barclays lowered their target price on 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 WEC Energy Group from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $90.00 to $84.00 in a research note on Friday, February 2nd. Finally, Royal Bank of Canada lowered their price target on WEC Energy Group from $95.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $86.29.

WEC Energy Group Price Performance

Shares of NYSE WEC traded down $2.27 during midday trading on Wednesday, hitting $82.31. The stock had a trading volume of 6,257,161 shares, compared to its average volume of 2,111,231. The company has a market capitalization of $26.00 billion, a PE ratio of 18.47, a P/E/G ratio of 2.42 and a beta of 0.40. The stock has a 50 day simple moving average of $81.93 and a 200-day simple moving average of $81.63. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $93.37. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 1.24.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The business's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 14th will be issued a $0.835 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.34 annualized dividend and a dividend yield of 4.06%. WEC Energy Group's dividend payout ratio is presently 72.93%.

Insider Activity at WEC Energy Group

In related news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the sale, the chief executive officer now owns 43,125 shares of the company's stock, valued at $3,402,131.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Gale E. Klappa sold 37,180 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the completion of the transaction, the chairman now directly owns 274,782 shares in the company, valued at $21,622,595.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction 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 owns 43,125 shares of the company's stock, valued at $3,402,131.25. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

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.