WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,289 shares of the utilities provider’s stock after selling 100 shares during the quarter. WoodTrust Financial Corp’s holdings in WEC Energy Group were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of WEC Energy Group in the first quarter valued at approximately $325,000. CWA Asset Management Group LLC increased its stake in shares of WEC Energy Group by 5.6% during the first quarter. CWA Asset Management Group LLC now owns 2,947 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 157 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of WEC Energy Group by 16.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 245,016 shares of the utilities provider’s stock valued at $26,702,000 after acquiring an additional 34,986 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of WEC Energy Group during the first quarter valued at approximately $522,000. Finally, Optas LLC acquired a new position in shares of WEC Energy Group during the first quarter valued at approximately $329,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In related news, VP Joshua M. Erickson sold 2,155 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the transaction, the vice president now owns 2,686 shares of the company’s stock, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Trading Up 1.2%

Shares of NYSE:WEC opened at $105.45 on Tuesday. The stock has a market capitalization of $33.65 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.86 and a beta of 0.45. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. 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 50 day moving average price of $106.68 and a 200 day moving average price of $103.06.

WEC Energy Group (NYSE:WEC) last issued 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 during the quarter, compared to analysts’ expectations of $2.81 billion. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were paid a $0.8975 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.40%. WEC Energy Group’s dividend payout ratio (DPR) is currently 69.59%.

Wall Street Analyst Weigh In

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

About WEC Energy Group

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.