CENTRAL TRUST Co Has $630,000 Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

CENTRAL TRUST Co reduced its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 5,779 shares of the utilities provider’s stock after selling 215 shares during the period. CENTRAL TRUST Co’s holdings in WEC Energy Group were worth $630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WEC. Wellington Management Group LLP increased its holdings in shares of WEC Energy Group by 134.2% during the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock valued at $1,038,931,000 after acquiring an additional 6,329,574 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WEC Energy Group in the 4th quarter valued at $188,879,000. GAMMA Investing LLC increased its stake in WEC Energy Group by 12,777.6% during the 1st quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider’s stock valued at $199,872,000 after purchasing an additional 1,819,782 shares in the last quarter. Janus Henderson Group PLC raised its holdings in WEC Energy Group by 3,815.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,471,096 shares of the utilities provider’s stock worth $138,342,000 after buying an additional 1,433,522 shares during the last quarter. Finally, Talaria Asset Management Pty Ltd acquired a new position in WEC Energy Group during the fourth quarter worth $53,970,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.4%

Shares of WEC stock opened at $103.72 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.40 and a current ratio of 0.50. The company has a market capitalization of $33.10 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.86 and a beta of 0.45. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $111.00. The company has a 50-day simple moving average of $106.83 and a two-hundred day simple moving average of $102.87.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.09. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. WEC Energy Group had a return on equity of 12.94% and a net margin of 17.95%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. Research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were issued a dividend of $0.8975 per share. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.59 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 69.59%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WEC. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Barclays increased their price objective on WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upgraded WEC Energy Group from an “underweight” rating to a “neutral” rating and raised their target price for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $107.13.

Insiders Place Their Bets

In other news, VP Joshua M. Erickson sold 2,155 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the sale, the vice president now directly owns 2,686 shares of the company’s stock, valued at $289,470.22. This trade represents a 44.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

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.