WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,066 shares of the utilities provider’s stock after purchasing an additional 175 shares during the quarter. Apollon Wealth Management LLC’s holdings in WEC Energy Group were worth $853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Financial LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth approximately $1,764,000. Keystone Financial Group Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter worth approximately $216,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of WEC Energy Group by 11.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,848 shares of the utilities provider’s stock worth $4,123,000 after acquiring an additional 4,332 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth approximately $12,616,000. Finally, Bleakley Financial Group LLC increased its position in shares of WEC Energy Group by 10.7% in the fourth quarter. Bleakley Financial Group LLC now owns 10,800 shares of the utilities provider’s stock worth $1,016,000 after acquiring an additional 1,044 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on WEC. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their price objective 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. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp boosted their price objective 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. Finally, Scotiabank boosted their price objective 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 analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of “Hold” and an average price target of $101.88.

Insider Transactions at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the business’s 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 directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now owns 273,248 shares of the company’s stock, valued at $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Performance

WEC stock opened at $102.72 on Wednesday. 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 market capitalization of $32.50 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.53 and a beta of 0.49. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $102.79. The firm has a 50 day moving average of $96.63 and a two-hundred day moving average of $95.41.

WEC Energy Group (NYSE:WEC) last posted its 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 return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently disclosed 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 3.25%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s payout ratio is 73.91%.

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.