Brooklyn Investment Group Has $147,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Brooklyn Investment Group increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,559 shares of the utilities provider’s stock after purchasing an additional 337 shares during the quarter. Brooklyn Investment Group’s holdings in WEC Energy Group were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WEC. Czech National Bank raised its stake in shares of WEC Energy Group by 7.0% in the 3rd quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock valued at $6,193,000 after buying an additional 4,205 shares in the last quarter. DRW Securities LLC bought a new position in WEC Energy Group during the third quarter worth about $1,392,000. Matrix Trust Co bought a new position in WEC Energy Group during the fourth quarter worth about $1,538,000. Motley Fool Wealth Management LLC boosted its holdings in WEC Energy Group by 51.0% during the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after purchasing an additional 10,126 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of WEC Energy Group by 13.8% in the 3rd quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after buying an additional 7,646 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.8 %

NYSE WEC opened at $99.18 on Friday. The stock has a market capitalization of $31.37 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.36 and a beta of 0.48. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $102.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock has a fifty day moving average of $96.65 and a 200-day moving average of $93.05.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS 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 during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company earned $1.00 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm 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. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.37%. WEC Energy Group’s payout ratio is presently 81.66%.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the completion of the sale, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,794 shares of company stock valued at $4,866,579. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WEC shares. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Scotiabank lifted 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. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, KeyCorp boosted their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.40.

About WEC Energy Group

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.