Savant Capital LLC Trims Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Savant Capital LLC lowered its position in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,099 shares of the utilities provider’s stock after selling 774 shares during the period. Savant Capital LLC’s holdings in WEC Energy Group were worth $1,619,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Advisors Capital Management LLC grew its stake in WEC Energy Group by 2.3% during the third quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 108 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in WEC Energy Group by 12.1% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 114 shares in the last quarter. Portside Wealth Group LLC grew its stake in WEC Energy Group by 1.2% during the third quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider’s stock valued at $837,000 after acquiring an additional 127 shares in the last quarter. Blossom Wealth Management grew its stake in WEC Energy Group by 3.6% in the 3rd quarter. Blossom Wealth Management now owns 3,797 shares of the utilities provider’s stock worth $306,000 after buying an additional 132 shares in the last quarter. Finally, Tanglewood Legacy Advisors LLC grew its stake in WEC Energy Group by 22.7% in the 2nd quarter. Tanglewood Legacy Advisors LLC now owns 736 shares of the utilities provider’s stock worth $65,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

WEC Energy Group Stock Performance

WEC opened at $80.76 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.32. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.79 and a beta of 0.42. The company’s 50 day moving average is $83.07 and its 200 day moving average is $83.92. WEC Energy Group, Inc. has a 12-month low of $75.47 and a 12-month high of $99.26.

WEC Energy Group (NYSE:WECGet Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.09. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.03 billion. WEC Energy Group had a net margin of 14.80% and a return on equity of 11.48%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. On average, equities research analysts predict that WEC Energy Group, Inc. will post 4.62 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 14th will be issued a $0.835 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, February 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.14%. WEC Energy Group’s dividend payout ratio (DPR) is presently 72.06%.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 600 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $83.46, for a total transaction of $50,076.00. Following the transaction, the director now owns 20,933 shares of the company’s stock, valued at $1,747,068.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on WEC shares. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. UBS Group cut their price target on shares of WEC Energy Group from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Bank of America reissued an “underperform” rating and issued a $78.00 price target (down previously from $84.00) on shares of WEC Energy Group in a research note on Thursday, January 4th. Mizuho cut their price target on shares of WEC Energy Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, December 18th. Finally, Barclays lowered their price objective on shares of WEC Energy Group from $82.00 to $79.00 and set an “underweight” rating for the company in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $88.75.

Check Out Our Latest Report on WEC

WEC Energy Group Company Profile

(Free Report)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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