Human Investing LLC Makes New Investment in WEC Energy Group, Inc. (NYSE:WEC)

Human Investing LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 550 shares of the utilities provider’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new position in WEC Energy Group during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in WEC Energy Group during the 3rd quarter worth about $45,000. Friedenthal Financial bought a new position in WEC Energy Group during the 3rd quarter worth about $50,000. Robbins Farley bought a new position in WEC Energy Group during the 4th quarter worth about $64,000. Finally, Concord Wealth Partners grew its holdings in WEC Energy Group by 20.7% during the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 133 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $103.10 on Monday. The firm has a market capitalization of $32.62 billion, a P/E ratio of 21.35, a PEG ratio of 2.53 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average price of $97.05 and a 200 day moving average price of $95.86. WEC Energy Group, Inc. has a 52 week low of $76.50 and a 52 week high of $104.01.

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

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.24%. WEC Energy Group’s dividend payout ratio is currently 69.15%.

Analyst Ratings Changes

Several research firms have commented on WEC. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. KeyCorp increased their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, Scotiabank increased their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Insider Activity 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 on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the completion of the transaction, the director now owns 273,248 shares in the company, valued at $27,204,570.88. The trade was a 12.84 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

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.