WEC Energy Group, Inc. (NYSE:WEC) Position Boosted by Sagefield Capital LP

Sagefield Capital LP grew its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,975 shares of the utilities provider's stock after purchasing an additional 13,363 shares during the period. Sagefield Capital LP's holdings in WEC Energy Group were worth $7,991,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. MJP Associates Inc. ADV increased its holdings in shares of WEC Energy Group by 3.4% in the fourth quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider's stock valued at $284,000 after purchasing an additional 98 shares in the last quarter. 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 grew its stake in shares of WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock worth $553,000 after buying an additional 109 shares during the last quarter. Wealth Alliance increased its position in WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock valued at $1,325,000 after acquiring an additional 110 shares during the period. Finally, Advisor OS LLC increased its position in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock worth $303,000 after buying an additional 110 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 1.5%

Shares of NYSE:WEC opened at $106.50 on Friday. The firm has a market cap of $33.99 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company has a fifty day simple moving average of $106.92 and a 200 day simple moving average of $101.66. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. 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 released its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.09. The business 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%. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $0.8975 per share. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date is Wednesday, May 14th. This represents a $3.59 annualized dividend and a yield of 3.37%. WEC Energy Group's dividend payout ratio is 69.59%.

Insider Buying and Selling at WEC Energy Group

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

Analyst Ratings Changes

WEC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised 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. StockNews.com raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. BMO Capital Markets boosted their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Barclays lifted their target price on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and a consensus 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.

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