Centennial Wealth Advisory LLC Acquires 326 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Centennial Wealth Advisory LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,997 shares of the utilities provider’s stock after purchasing an additional 326 shares during the period. Centennial Wealth Advisory LLC’s holdings in WEC Energy Group were worth $376,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WEC. Czech National Bank increased its position in WEC Energy Group by 7.0% in the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock worth $6,193,000 after purchasing an additional 4,205 shares during the last quarter. Park Place Capital Corp increased its position in WEC Energy Group by 108.5% in the third quarter. Park Place Capital Corp now owns 2,212 shares of the utilities provider’s stock worth $213,000 after purchasing an additional 1,151 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in WEC Energy Group during the third quarter worth $285,000. Country Trust Bank boosted its stake in WEC Energy Group by 14.4% during the third quarter. Country Trust Bank now owns 324,761 shares of the utilities provider’s stock worth $31,236,000 after buying an additional 40,841 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in WEC Energy Group during the third quarter worth $63,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $101.00 on Thursday. The company has a market capitalization of $31.95 billion, a PE ratio of 24.69, a P/E/G ratio of 2.50 and a beta of 0.49. 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 company has a 50-day simple moving average of $96.62 and a two-hundred day simple moving average of $94.89. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $1.10 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Research analysts expect that WEC Energy Group, Inc. will post 4.9 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued 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 currently 81.66%.

Insider Activity

In related news, Director Gale E. Klappa sold 40,269 shares of the stock in a transaction that occurred on 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 owns 273,248 shares in the company, valued at approximately $27,204,570.88. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott J. Lauber sold 6,720 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock worth $4,866,579 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank lifted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday. KeyCorp boosted 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. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.56.

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.