2,298 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the fourth quarter, HoldingsChannel reports. The fund bought 2,298 shares of the utilities provider’s stock, valued at approximately $216,000.

Other large investors also recently modified their holdings of the company. Mizuho Securities USA LLC increased its stake in 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 purchasing an additional 25,975,652 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of WEC Energy Group by 17,270.5% in the third quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider’s stock valued at $453,794,000 after buying an additional 4,691,017 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of WEC Energy Group by 102.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock worth $362,971,000 after acquiring an additional 1,912,223 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of WEC Energy Group by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after acquiring an additional 699,177 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in WEC Energy Group by 57.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,238 shares of the utilities provider’s stock valued at $182,765,000 after acquiring an additional 695,317 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank lifted their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their target price on WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research report on Monday, December 2nd. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $98.40.

WEC Energy Group Stock Down 0.2 %

WEC Energy Group stock opened at $99.27 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company’s 50-day moving average is $96.71 and its 200-day moving average is $94.32. The firm has a market capitalization of $31.40 billion, a PE ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 0.48. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $102.79.

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

WEC Energy Group Cuts Dividend

The firm 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. This represents a $3.34 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This represents a 12.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now owns 273,248 shares of the company’s stock, valued at approximately $27,204,570.88. This represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock valued at $4,866,579 in the last quarter. 0.34% of the stock is currently owned by 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.