Oxford Asset Management LLP Takes Position in WEC Energy Group, Inc. (NYSE:WEC)

Oxford Asset Management LLP bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,374 shares of the utilities provider's stock, valued at approximately $505,000.

Several other hedge funds have also recently bought and sold shares of WEC. Johnson Financial Group Inc. lifted its position in shares of WEC Energy Group by 106.2% during the 4th quarter. Johnson Financial Group Inc. now owns 37,214 shares of the utilities provider's stock worth $3,694,000 after buying an additional 19,164 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $23,043,000. Coldstream Capital Management Inc. lifted its position in shares of WEC Energy Group by 8.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,006 shares of the utilities provider's stock worth $377,000 after buying an additional 317 shares during the last quarter. Voya Financial Advisors Inc. lifted its position in shares of WEC Energy Group by 2.3% during the 4th quarter. Voya Financial Advisors Inc. now owns 7,239 shares of the utilities provider's stock worth $682,000 after buying an additional 165 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $908,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

WEC has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Wells Fargo & Company upped their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Barclays upped 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. Finally, BMO Capital Markets upped 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $105.38.

WEC Energy Group Price Performance

Shares of WEC traded up $0.41 during trading hours on Wednesday, reaching $109.56. The company had a trading volume of 2,774,189 shares, compared to its average volume of 2,142,236. The firm has a 50 day simple moving average of $106.60 and a 200-day simple moving average of $100.87. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $34.96 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business posted $1.10 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. Research analysts expect 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 paid a $0.8975 dividend. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's payout ratio is presently 73.91%.

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.