Aptus Capital Advisors LLC Boosts Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Aptus Capital Advisors LLC increased its position in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) by 107.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,818 shares of the utilities provider’s stock after acquiring an additional 2,493 shares during the period. Aptus Capital Advisors LLC’s holdings in WEC Energy Group were worth $388,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Quilter Plc purchased a new stake in WEC Energy Group during the first quarter worth about $234,348,000. Achmea Investment Management B.V. purchased a new position in WEC Energy Group in the first quarter valued at $27,000. First Manhattan Co. grew its stake in WEC Energy Group by 102.0% during the 4th quarter. First Manhattan Co. now owns 303 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 153 shares in the last quarter. Center for Financial Planning Inc. purchased a new stake in WEC Energy Group during the 2nd quarter worth about $33,000. Finally, VitalStone Financial LLC acquired a new stake in WEC Energy Group in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 600 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on WEC. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Wells Fargo & Company dropped their price objective on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $90.00 to $84.00 in a report on Friday, February 2nd. Royal Bank of Canada lowered their target price on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Barclays cut their price target on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average price target of $86.17.

Check Out Our Latest Stock Analysis on WEC

WEC Energy Group Stock Performance

Shares of WEC stock opened at $77.55 on Friday. The stock’s 50-day moving average is $82.48 and its two-hundred day moving average is $83.30. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. WEC Energy Group, Inc. has a 1 year low of $75.47 and a 1 year high of $99.26. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.70 and a beta of 0.41.

WEC Energy Group (NYSE:WECGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Analysts predict that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.31%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, February 13th. WEC Energy Group’s payout ratio is presently 73.93%.

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.

Read More

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WECFree Report).

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

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.