WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,295 shares of the utilities provider’s stock after selling 212 shares during the period. Twin Capital Management Inc.’s holdings in WEC Energy Group were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. boosted its stake in shares of WEC Energy Group by 23.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 32,847 shares of the utilities provider’s stock worth $2,765,000 after acquiring an additional 6,182 shares during the last quarter. KLCM Advisors Inc. raised its position in WEC Energy Group by 2.1% in the fourth quarter. KLCM Advisors Inc. now owns 34,331 shares of the utilities provider’s stock valued at $2,890,000 after purchasing an additional 722 shares during the period. Tyche Wealth Partners LLC purchased a new stake in WEC Energy Group in the fourth quarter valued at $431,000. Everence Capital Management Inc. raised its position in WEC Energy Group by 101.8% in the fourth quarter. Everence Capital Management Inc. now owns 7,950 shares of the utilities provider’s stock valued at $669,000 after purchasing an additional 4,010 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter valued at $251,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $80.44 on Friday. The business’s fifty day moving average price is $79.70 and its two-hundred day moving average price is $81.31. The stock has a market cap of $25.37 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. 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 one year low of $75.13 and a one year high of $98.80.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. WEC Energy Group’s quarterly revenue was down 13.3% on a year-over-year basis. On average, analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.15%. WEC Energy Group’s dividend payout ratio (DPR) is 79.15%.

Insider Transactions at WEC Energy Group

In other news, Chairman Gale E. Klappa sold 37,180 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now directly owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the transaction, the chief executive officer now directly owns 43,125 shares in the company, valued at $3,402,131.25. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on WEC shares. JPMorgan Chase & Co. cut WEC Energy Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $90.00 to $84.00 in a research note on Friday, February 2nd. Bank of America reissued an “underperform” rating and issued a $78.00 target price (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Wells Fargo & Company reduced their price objective on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Finally, KeyCorp increased their target price on WEC Energy Group from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three 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 $86.38.

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.