Twin Capital Management Inc. lowered its stake in WEC Energy Group (NYSE:WEC) by 2.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,421 shares of the utilities provider’s stock after selling 1,907 shares during the period. Twin Capital Management Inc.’s holdings in WEC Energy Group were worth $4,603,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in shares of WEC Energy Group by 157.2% in the 4th quarter. Advisory Services Network LLC now owns 1,690 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,033 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $122,000. Hanson & Doremus Investment Management purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $133,000. Calton & Associates Inc. purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $175,000. Finally, Crewe Advisors LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $193,000. Institutional investors own 73.26% of the company’s stock.
Several analysts recently weighed in on the company. Credit Suisse Group upped their price target on WEC Energy Group from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, April 23rd. Citigroup assumed coverage on WEC Energy Group in a research note on Friday, April 13th. They issued a “neutral” rating and a $61.00 price target on the stock. Guggenheim restated a “buy” rating and issued a $66.00 price target on shares of WEC Energy Group in a research note on Friday, February 23rd. Finally, UBS initiated coverage on WEC Energy Group in a research note on Friday, February 2nd. They issued a “neutral” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.00.
Shares of WEC opened at $60.39 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 0.89. WEC Energy Group has a 12 month low of $60.62 and a 12 month high of $61.47. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 4.50 and a beta of 0.06.
WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 1st. The utilities provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. WEC Energy Group had a return on equity of 11.01% and a net margin of 16.23%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the business posted $1.12 EPS. The company’s revenue was down .8% compared to the same quarter last year. equities research analysts expect that WEC Energy Group will post 3.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 14th will be paid a dividend of $0.5525 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $2.21 annualized dividend and a yield of 3.66%. WEC Energy Group’s dividend payout ratio is 70.38%.
In other news, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total transaction of $120,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,600 shares of the stock in a transaction on Friday, May 4th. The shares were sold at an average price of $64.45, for a total value of $103,120.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.
About WEC Energy Group
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
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