7,151 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,151 shares of the utilities provider’s stock, valued at approximately $672,000.

Several other hedge funds have also recently modified their holdings of the stock. Annex Advisory Services LLC raised its holdings in WEC Energy Group by 6.5% in the 4th 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 during the last quarter. Walkner Condon Financial Advisors LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $271,000. Merit Financial Group LLC raised its holdings in WEC Energy Group by 46.4% in the 4th quarter. Merit Financial Group LLC now owns 15,991 shares of the utilities provider’s stock valued at $1,504,000 after acquiring an additional 5,069 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $257,000. Finally, SG Americas Securities LLC raised its holdings in WEC Energy Group by 46.5% in the 4th quarter. SG Americas Securities LLC now owns 65,913 shares of the utilities provider’s stock valued at $6,198,000 after acquiring an additional 20,918 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Ratings Changes

WEC has been the subject of a number of recent research reports. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an “outperform” rating in a report on Wednesday, May 7th. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays increased their price target 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. BMO Capital Markets increased their price target 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, February 5th. Finally, Wells Fargo & Company increased their price target 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $107.13.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $107.28 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The stock has a market capitalization of $34.24 billion, a P/E ratio of 22.21, a PEG ratio of 2.60 and a beta of 0.46. The company has a 50 day moving average price of $106.97 and a 200 day moving average price of $101.83. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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 17.75% and a return on equity of 12.39%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $1.97 EPS. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $0.8975 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. WEC Energy Group’s dividend payout ratio (DPR) is presently 69.59%.

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.