Ossiam Invests $283,000 in WEC Energy Group, Inc. (NYSE:WEC)

Ossiam bought a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,010 shares of the utilities provider's stock, valued at approximately $283,000.

A number of other institutional investors have also recently bought and sold shares of WEC. Marshall Financial Group LLC lifted its holdings in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider's stock worth $207,000 after acquiring an additional 100 shares during the period. Horizon Investments LLC raised its position in WEC Energy Group by 1.9% in the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock worth $553,000 after purchasing an additional 109 shares in the last quarter. Wealth Alliance lifted its stake in WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock worth $1,325,000 after purchasing an additional 110 shares during the period. Advisor OS LLC boosted its holdings in WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock valued at $303,000 after purchasing an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of WEC Energy Group by 14.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock valued at $86,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Trading Up 0.4 %

WEC Energy Group stock traded up $0.46 during mid-day trading on Monday, hitting $108.19. 239,746 shares of the company's stock were exchanged, compared to its average volume of 2,140,227. The firm has a market capitalization of $34.52 billion, a P/E ratio of 22.42, a PEG ratio of 2.60 and a beta of 0.44. 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 company's 50 day simple moving average is $106.38 and its 200-day simple moving average is $100.72. 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 results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $1.10 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. This represents a $3.59 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio is 73.91%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. BMO Capital Markets upped 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 note on Wednesday, February 5th. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Finally, Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $104.38.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, 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. Company insiders own 0.50% of the company's stock.

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.