MBE Wealth Management LLC Acquires 205 Shares of WEC Energy Group, Inc. (NYSE:WEC)

MBE Wealth Management LLC raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,460 shares of the utilities provider’s stock after purchasing an additional 205 shares during the quarter. MBE Wealth Management LLC’s holdings in WEC Energy Group were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Marshall Financial Group LLC increased its stake in shares of WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after buying an additional 100 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of WEC Energy Group by 5.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after buying an additional 111 shares during the period. Tsfg LLC increased its stake in shares of WEC Energy Group by 4.6% in the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after buying an additional 119 shares during the period. Drake & Associates LLC increased its stake in shares of WEC Energy Group by 2.0% in the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after buying an additional 120 shares during the period. Finally, Park National Corp OH increased its stake in shares of WEC Energy Group by 3.4% in the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after buying an additional 130 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 2.9 %

Shares of NYSE:WEC opened at $100.84 on Tuesday. The business’s 50 day simple moving average is $96.73 and its 200 day simple moving average is $93.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $102.79. The company has a market capitalization of $31.90 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.46 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts anticipate that WEC Energy Group, Inc. will post 4.89 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s payout ratio is 81.66%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WEC. KeyCorp lifted their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Scotiabank lifted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average target price of $98.40.

Insider Activity

In related news, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total value of $179,417.00. Following the completion of the sale, the director now directly owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,794 shares of company stock worth $4,866,579. Insiders own 0.34% of the company’s stock.

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.