3,642 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Crewe Advisors LLC

Crewe Advisors LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,642 shares of the utilities provider’s stock, valued at approximately $299,000.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of WEC Energy Group in the first quarter worth about $25,000. Northwest Bank & Trust Co bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $26,000. First United Bank & Trust bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $30,000. Finally, YHB Investment Advisors Inc. bought a new stake in WEC Energy Group during the 1st quarter valued at approximately $32,000. 77.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays lifted their price objective on WEC Energy Group from $78.00 to $80.00 and gave the company an “underweight” rating in a research report on Monday. BMO Capital Markets cut their price objective on WEC Energy Group from $90.00 to $87.00 and set a “market perform” rating on the stock in a research report on Monday. The Goldman Sachs Group began coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 target price for the company. Finally, KeyCorp lowered their target price on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Monday. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

WEC Energy Group Stock Down 0.3 %

NYSE WEC traded down $0.24 during mid-day trading on Thursday, reaching $83.32. The stock had a trading volume of 2,476,833 shares, compared to its average volume of 2,106,487. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $93.37. The stock has a market cap of $26.31 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.41. The company has a fifty day moving average price of $80.09 and a 200 day moving average price of $80.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.42.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business earned $1.61 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a yield of 4.01%. WEC Energy Group’s dividend payout ratio is presently 72.93%.

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.