Advisor OS LLC Raises Position in WEC Energy Group, Inc. (NYSE:WEC)

Advisor OS LLC lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,222 shares of the utilities provider’s stock after buying an additional 110 shares during the quarter. Advisor OS LLC’s holdings in WEC Energy Group were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mizuho Securities USA LLC increased its stake in shares of WEC Energy Group by 106,685.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider’s stock worth $2,500,680,000 after purchasing an additional 25,975,652 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of WEC Energy Group by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider’s stock worth $762,453,000 after purchasing an additional 105,580 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of WEC Energy Group by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after purchasing an additional 699,177 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of WEC Energy Group by 17,270.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider’s stock worth $453,794,000 after purchasing an additional 4,691,017 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in WEC Energy Group by 102.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock worth $362,971,000 after buying an additional 1,912,223 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.0 %

Shares of NYSE:WEC opened at $105.75 on Friday. The firm has a fifty day moving average price of $98.69 and a two-hundred day moving average price of $96.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. WEC Energy Group, Inc. has a one year low of $76.78 and a one year high of $106.75. The company has a market cap of $33.45 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.60 and a beta of 0.49.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.91%.

Analysts Set New Price Targets

Several research firms recently commented on WEC. KeyCorp raised their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Scotiabank raised their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.88.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction 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 sale, the director now owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

WEC Energy Group 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.