ST Germain D J Co. Inc. Sells 194 Shares of WEC Energy Group, Inc. (NYSE:WEC)

ST Germain D J Co. Inc. cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 15.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,060 shares of the utilities provider’s stock after selling 194 shares during the quarter. ST Germain D J Co. Inc.’s holdings in WEC Energy Group were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WEC. Principal Securities Inc. purchased a new stake in shares of WEC Energy Group in the fourth quarter worth $983,000. Dearborn Partners LLC grew its holdings in shares of WEC Energy Group by 29.2% during the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after purchasing an additional 131,797 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of WEC Energy Group by 6.7% in 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 purchasing an additional 19,867 shares during the last quarter. Vaughan David Investments LLC IL increased its holdings in shares of WEC Energy Group by 3.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after buying an additional 14,084 shares during the last quarter. Finally, Alley Investment Management Company LLC raised its position in WEC Energy Group by 324.5% during the fourth quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock valued at $3,304,000 after purchasing an additional 30,009 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on WEC shares. KeyCorp reduced their price target on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company boosted their target price on WEC Energy Group from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Barclays raised their price target on WEC Energy Group from $80.00 to $86.00 and gave the stock an “underweight” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on WEC Energy Group in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, Scotiabank cut their target price on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average price target of $87.31.

WEC Energy Group Trading Up 0.3 %

Shares of NYSE:WEC traded up $0.28 on Tuesday, hitting $88.47. The company had a trading volume of 2,211,586 shares, compared to its average volume of 2,176,239. The firm’s 50-day simple moving average is $80.64 and its two-hundred day simple moving average is $80.70. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 2.33 and a beta of 0.41. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $92.23.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.92 earnings per share. WEC Energy Group’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 14th will be paid a $0.835 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.34 annualized dividend and a yield of 3.78%. WEC Energy Group’s payout ratio is 72.93%.

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.