Keystone Financial Group Inc. Purchases Shares of 2,294 WEC Energy Group, Inc. (NYSE:WEC)

Keystone Financial Group Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,294 shares of the utilities provider’s stock, valued at approximately $216,000.

Several other large investors have also recently bought and sold shares of WEC. Marshall Financial Group LLC raised its position in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after buying an additional 100 shares in the last quarter. Tsfg LLC raised its position in shares of WEC Energy Group by 4.6% during the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after buying an additional 119 shares in the last quarter. Drake & Associates LLC raised its position in shares of WEC Energy Group by 2.0% during the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after buying an additional 120 shares in the last quarter. Concord Wealth Partners raised its position in shares of WEC Energy Group by 20.7% during the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock valued at $75,000 after buying an additional 133 shares in the last quarter. Finally, TrinityPoint Wealth LLC raised its position in shares of WEC Energy Group by 1.3% during the 3rd quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 134 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gale E. Klappa sold 1,805 shares of WEC Energy Group stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,794 shares of company stock valued at $4,866,579. Corporate insiders own 0.44% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $100.78 on Friday. The firm has a market cap of $31.88 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $102.79. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company’s fifty day simple moving average is $96.61 and its two-hundred day simple moving average is $94.94.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. WEC Energy Group’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 4.9 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s payout ratio is 81.66%.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, KeyCorp lifted their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.56.

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.