Rehmann Capital Advisory Group Has $488,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Rehmann Capital Advisory Group lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,036 shares of the utilities provider’s stock after buying an additional 192 shares during the period. Rehmann Capital Advisory Group’s holdings in WEC Energy Group were worth $488,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mizuho Securities USA LLC boosted its holdings 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 buying an additional 25,975,652 shares during the period. Wellington Management Group LLP boosted its holdings 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 buying an additional 4,691,017 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of WEC Energy Group by 102.6% during 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. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of WEC Energy Group by 57.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,238 shares of the utilities provider’s stock worth $182,765,000 after buying an additional 695,317 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of WEC Energy Group by 36.7% during the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after buying an additional 688,812 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.3 %

Shares of WEC Energy Group stock opened at $95.86 on Friday. The stock has a market capitalization of $30.33 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company has a 50-day simple moving average of $97.68 and a 200 day simple moving average of $90.24. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $102.79.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Research analysts expect that WEC Energy Group, Inc. will post 4.89 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.8925 per share. The ex-dividend date is Friday, February 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WEC. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $90.00 to $98.00 in a report on Thursday. BMO Capital Markets increased their price target on shares of WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a report on Monday, December 2nd. Barclays increased their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a report on Monday, October 7th. 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 report on Monday. Finally, 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 report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $96.91.

Insider Buying and Selling

In other WEC Energy Group news, Director Gale E. Klappa sold 1,805 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the completion of the sale, the director now owns 273,248 shares in the company, valued at approximately $27,160,851.20. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. The trade was a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 in the last quarter. 0.34% of the stock is owned by corporate insiders.

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.