WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) by 18.9% during the 1st quarter, HoldingsChannel reports. The firm owned 3,887 shares of the utilities provider’s stock after selling 905 shares during the quarter. Appleton Partners Inc. MA’s holdings in WEC Energy Group were worth $319,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in WEC Energy Group in the 4th quarter valued at about $983,000. Dearborn Partners LLC lifted its position in WEC Energy Group by 29.2% in the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock valued at $49,022,000 after buying an additional 131,797 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in WEC Energy Group by 6.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock worth $27,391,000 after buying an additional 19,867 shares during the period. Vaughan David Investments LLC IL increased its position in shares of WEC Energy Group by 3.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock valued at $36,059,000 after acquiring an additional 14,084 shares during the last quarter. Finally, Alley Investment Management Company LLC raised its stake in shares of WEC Energy Group by 324.5% in the 4th quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock valued at $3,304,000 after acquiring an additional 30,009 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

Shares of WEC stock traded down $0.11 during trading hours on Tuesday, hitting $78.26. The stock had a trading volume of 346,131 shares, compared to its average volume of 2,137,479. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.42. The firm has a market capitalization of $24.72 billion, a PE ratio of 17.11, a PEG ratio of 2.04 and a beta of 0.42. The stock’s 50 day moving average is $81.66 and its 200 day moving average is $81.43. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $93.37.

WEC Energy Group (NYSE:WECGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $1.61 earnings per share. WEC Energy Group’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.835 per share. The ex-dividend date was Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.27%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. KeyCorp boosted their target price on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. The Goldman Sachs Group started coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of WEC Energy Group from $89.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Scotiabank decreased their price target on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.92.

View Our Latest Analysis on WEC

WEC Energy Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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