WEC Energy Group, Inc. (NYSE:WEC) Stock Position Increased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,054 shares of the utilities provider’s stock after acquiring an additional 180 shares during the quarter. Geneos Wealth Management Inc.’s holdings in WEC Energy Group were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of WEC Energy Group by 5.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 111 shares in the last quarter. Tsfg LLC grew its holdings in WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 119 shares during the last quarter. Drake & Associates LLC grew its holdings in WEC Energy Group by 2.0% during the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 120 shares during the last quarter. Park National Corp OH raised its position in shares of WEC Energy Group by 3.4% in the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 130 shares during the period. Finally, Concord Wealth Partners lifted its stake in shares of WEC Energy Group by 20.7% in the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after buying an additional 133 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 2.9 %

Shares of WEC Energy Group stock opened at $100.84 on Tuesday. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $102.79. The firm has a market capitalization of $31.90 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company’s fifty day moving average price is $96.73 and its two-hundred day moving average price is $93.98.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. On average, analysts expect that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.31%. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research note on Monday, December 2nd. Wells Fargo & Company increased their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Scotiabank raised their target price on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Barclays upgraded 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 report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and an average target price of $98.40.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock valued at $4,866,579 in the last 90 days. 0.34% of the stock is owned by corporate insiders.

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.