Capital Advisors Ltd. LLC Boosts Stake in WEC Energy Group, Inc. (NYSE:WEC)

Capital Advisors Ltd. LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 916 shares of the utilities provider’s stock after purchasing an additional 118 shares during the period. Capital Advisors Ltd. LLC’s holdings in WEC Energy Group were worth $86,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in WEC Energy Group by 10,220.1% in the 3rd quarter. International Assets Investment Management LLC now owns 303,515 shares of the utilities provider’s stock worth $29,192,000 after acquiring an additional 300,574 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of WEC Energy Group by 17.3% in the third quarter. Ballentine Partners LLC now owns 5,497 shares of the utilities provider’s stock worth $529,000 after purchasing an additional 812 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of WEC Energy Group by 45.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,209 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 6,355 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of WEC Energy Group by 28.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 198,346 shares of the utilities provider’s stock valued at $19,077,000 after buying an additional 43,799 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. bought a new position in WEC Energy Group in the 3rd quarter worth $201,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.8 %

WEC opened at $104.89 on Tuesday. The firm has a 50-day simple moving average of $97.96 and a two-hundred day simple moving average of $96.56. WEC Energy Group, Inc. has a 52 week low of $76.50 and a 52 week high of $105.29. The company has a market capitalization of $33.18 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio is 73.91%.

Analysts Set New Price Targets

WEC has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Scotiabank upped their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.88.

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.