WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Jump Financial LLC

Jump Financial LLC lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 142.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,452 shares of the utilities provider's stock after acquiring an additional 7,322 shares during the period. Jump Financial LLC's holdings in WEC Energy Group were worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in WEC Energy Group during the fourth quarter worth $28,000. Hoey Investments Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter valued at $42,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $52,000. Finally, Cullen Frost Bankers Inc. increased its position in WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

WEC Energy Group Stock Down 1.1 %

NYSE WEC traded down $1.22 during trading hours on Friday, reaching $107.69. 2,077,779 shares of the company traded hands, compared to its average volume of 2,146,959. The stock has a market capitalization of $34.36 billion, a PE ratio of 22.30, a PEG ratio of 2.60 and a beta of 0.44. 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. The company has a 50 day moving average of $106.38 and a two-hundred day moving average of $100.63.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, May 14th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's payout ratio is currently 73.91%.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the company's 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 transaction, the director now directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade 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.

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.