Blackhawk Capital Partners LLC. Sells 1,445 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Blackhawk Capital Partners LLC. trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,587 shares of the utilities provider’s stock after selling 1,445 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in WEC Energy Group were worth $1,654,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Coastline Trust Co acquired a new stake in shares of WEC Energy Group during the third quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in shares of WEC Energy Group in the third quarter valued at approximately $45,000. Human Investing LLC bought a new stake in WEC Energy Group in the 4th quarter worth about $52,000. Bank of Jackson Hole Trust bought a new stake in shares of WEC Energy Group during the 4th quarter worth $59,000. Finally, Kestra Investment Management LLC purchased a new stake in WEC Energy Group in the fourth quarter worth $61,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Up 0.8 %

WEC opened at $104.89 on Tuesday. WEC Energy Group, Inc. has a twelve month low of $76.50 and a twelve month high of $105.29. The company has a quick ratio of 0.43, 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 $97.96 and a 200 day moving average price of $96.56. The company has a market cap of $33.18 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49.

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 analysts’ consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share 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. Shareholders 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 yield of 3.18%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio is currently 73.91%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank raised 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 report on Monday, December 9th. BMO Capital Markets raised their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their target price on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $101.88.

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.