Mitchell & Pahl Private Wealth LLC Purchases 836 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Mitchell & Pahl Private Wealth LLC boosted its position in WEC Energy Group, Inc. (NYSE:WEC) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,594 shares of the utilities provider’s stock after buying an additional 836 shares during the quarter. WEC Energy Group makes up about 1.2% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 26th biggest position. Mitchell & Pahl Private Wealth LLC’s holdings in WEC Energy Group were worth $2,501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WEC. Ballentine Partners LLC raised its holdings in shares of WEC Energy Group by 4.2% in the fourth quarter. Ballentine Partners LLC now owns 5,728 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 231 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in WEC Energy Group by 4.7% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 3,862 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 174 shares in the last quarter. UMB Bank n.a. increased its stake in WEC Energy Group by 6.8% in the 4th quarter. UMB Bank n.a. now owns 2,641 shares of the utilities provider’s stock valued at $248,000 after buying an additional 169 shares during the last quarter. LVW Advisors LLC increased its stake in WEC Energy Group by 5.1% in the 4th quarter. LVW Advisors LLC now owns 16,907 shares of the utilities provider’s stock valued at $1,590,000 after buying an additional 825 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its position in WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock worth $10,405,000 after buying an additional 6,785 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.8 %

Shares of WEC Energy Group stock opened at $99.18 on Tuesday. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $102.79. The company has a market capitalization of $31.37 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.50 and a beta of 0.48. The business has a fifty day simple moving average of $96.65 and a two-hundred day simple moving average of $93.26. 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 posted its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the company posted $1.00 EPS. WEC Energy Group’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts forecast that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s payout ratio is 81.66%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WEC. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Barclays upgraded 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. KeyCorp raised their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Scotiabank upped their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and an average target price of $98.40.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group 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 $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the transaction, the director now owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,794 shares of company stock worth $4,866,579. Company insiders own 0.44% of the company’s stock.

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.