WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 15.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,149 shares of the utilities provider’s stock after selling 1,461 shares during the period. Claro Advisors LLC’s holdings in WEC Energy Group were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its position in shares of WEC Energy Group by 106,685.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider’s stock worth $2,500,680,000 after acquiring an additional 25,975,652 shares in the last quarter. Geode Capital Management LLC grew its position in shares of WEC Energy Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider’s stock worth $762,453,000 after acquiring an additional 105,580 shares in the last quarter. JPMorgan Chase & Co. boosted its position in WEC Energy Group by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock valued at $462,276,000 after purchasing an additional 699,177 shares during the period. Wellington Management Group LLP boosted its position in WEC Energy Group by 17,270.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider’s stock valued at $453,794,000 after purchasing an additional 4,691,017 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in WEC Energy Group by 102.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock valued at $362,971,000 after purchasing an additional 1,912,223 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the sale, the director now owns 273,248 shares in the company, valued at $27,204,570.88. This represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 in the last quarter. 0.34% of the stock is owned by company insiders.

WEC Energy Group Stock Up 0.5 %

WEC opened at $93.85 on Tuesday. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock’s fifty day moving average is $96.59 and its 200-day moving average is $92.72. The company has a market capitalization of $29.69 billion, a PE ratio of 22.95, a P/E/G ratio of 2.59 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that WEC Energy Group, Inc. will post 4.89 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a $0.8925 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.80%. WEC Energy Group’s dividend payout ratio (DPR) is 87.29%.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective for the company. KeyCorp boosted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Scotiabank boosted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $98.40.

WEC Energy Group Company 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.