Boston Trust Walden Corp Has $10.92 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Boston Trust Walden Corp trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,146 shares of the utilities provider’s stock after selling 575 shares during the period. Boston Trust Walden Corp’s holdings in WEC Energy Group were worth $10,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brentview Investment Management LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $3,037,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of WEC Energy Group by 21.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,448 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 260 shares during the period. Greenleaf Trust boosted its position in shares of WEC Energy Group by 4.4% during the 4th quarter. Greenleaf Trust now owns 8,145 shares of the utilities provider’s stock valued at $766,000 after acquiring an additional 342 shares in the last quarter. Golden State Equity Partners increased its stake in WEC Energy Group by 424.3% in the fourth quarter. Golden State Equity Partners now owns 3,890 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 3,148 shares during the period. Finally, Journey Strategic Wealth LLC raised its position in WEC Energy Group by 15.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 4,063 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 542 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 1.4 %

Shares of NYSE:WEC opened at $100.62 on Tuesday. The company has a 50 day moving average price of $96.68 and a two-hundred day moving average price of $94.64. The company has a market capitalization of $31.83 billion, a PE ratio of 24.60, a PEG ratio of 2.50 and a beta of 0.49. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $102.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.32%. WEC Energy Group’s dividend payout ratio is presently 81.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. KeyCorp raised their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, Scotiabank increased 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $100.00.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the completion of the transaction, the director now owns 273,248 shares of the company’s stock, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,794 shares of company stock valued at $4,866,579. Company 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.