WEC Energy Group, Inc. (NYSE:WEC) Holdings Raised by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 6.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,180 shares of the utilities provider’s stock after buying an additional 1,091 shares during the period. BKM Wealth Management LLC’s holdings in WEC Energy Group were worth $1,804,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Annex Advisory Services LLC boosted its holdings in shares of WEC Energy Group by 6.5% in the fourth quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock valued at $10,405,000 after acquiring an additional 6,785 shares in the last quarter. DRW Securities LLC bought a new position in WEC Energy Group during the 3rd quarter valued at $1,392,000. Matrix Trust Co bought a new position in WEC Energy Group during the 4th quarter valued at $1,538,000. Motley Fool Wealth Management LLC increased its position in shares of WEC Energy Group by 51.0% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after purchasing an additional 10,126 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in shares of WEC Energy Group by 20.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after buying an additional 78,580 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $103.10 on Tuesday. The firm has a market capitalization of $32.62 billion, a PE ratio of 21.35, a PEG ratio of 2.53 and a beta of 0.49. WEC Energy Group, Inc. has a 1 year low of $76.50 and a 1 year high of $104.01. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $97.05 and its 200 day simple moving average is $95.93.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results 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 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared 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 is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.24%. WEC Energy Group’s dividend payout ratio (DPR) is presently 69.15%.

Wall Street Analyst Weigh In

WEC has been the topic of a number of research analyst reports. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. BMO Capital Markets upped their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Scotiabank raised their price objective on 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.88.

Insider Activity

In related news, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now 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. 0.34% of the stock is owned by company 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.