City State Bank Has $564,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

City State Bank reduced its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,996 shares of the utilities provider’s stock after selling 257 shares during the period. City State Bank’s holdings in WEC Energy Group were worth $564,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in shares of WEC Energy Group during the 4th quarter valued at about $1,538,000. Czech National Bank boosted its stake in WEC Energy Group by 6.5% during the 4th quarter. Czech National Bank now owns 68,592 shares of the utilities provider’s stock valued at $6,450,000 after purchasing an additional 4,204 shares during the period. ST Germain D J Co. Inc. lifted its position in shares of WEC Energy Group by 50.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,600 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 540 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of WEC Energy Group by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 200,741 shares of the utilities provider’s stock worth $19,308,000 after acquiring an additional 2,395 shares during the period. Finally, Diversified Trust Co lifted its position in shares of WEC Energy Group by 7.5% in the 4th quarter. Diversified Trust Co now owns 5,443 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 378 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 0.1 %

Shares of NYSE WEC traded down $0.05 during midday trading on Monday, hitting $93.36. The stock had a trading volume of 257,404 shares, compared to its average volume of 1,583,720. The company’s 50-day simple moving average is $96.61 and its 200 day simple moving average is $92.62. The firm has a market cap of $29.53 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.59 and a beta of 0.48. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $1.00 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Research analysts anticipate that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.8925 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 87.29%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WEC. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Jefferies Financial Group assumed coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price for the company. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank increased their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, BMO Capital Markets raised their price target on WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.40.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock worth $4,866,579 in the last three months. Insiders own 0.34% of the company’s stock.

WEC Energy Group Company 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.