Continuum Advisory LLC Has $434,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Continuum Advisory LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,614 shares of the utilities provider’s stock after buying an additional 265 shares during the quarter. Continuum Advisory LLC’s holdings in WEC Energy Group were worth $434,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WEC. Larson Financial Group LLC raised its position in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $28,000. Hoey Investments Inc. bought a new position in shares of WEC Energy Group during the 4th quarter worth approximately $42,000. Human Investing LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at $52,000. Finally, Cullen Frost Bankers Inc. boosted its stake in WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after buying an additional 345 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares of the company’s stock, 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 owned by corporate insiders.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $106.57 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $107.02 and a 200 day simple moving average of $101.90. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00. The firm has a market cap of $34.01 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.60 and a beta of 0.46.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.09. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.81 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $1.97 EPS. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $0.8975 dividend. This represents a $3.59 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. WEC Energy Group’s dividend payout ratio (DPR) is 69.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WEC. Wells Fargo & Company lifted their price objective on WEC Energy Group from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Scotiabank set a $115.00 price target on shares of WEC Energy Group and gave the company an “outperform” rating in a report on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Barclays raised their price objective on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upgraded WEC Energy Group from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $107.13.

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.