WEC Energy Group, Inc. (NYSE:WEC) Position Increased by Peak Financial Advisors LLC

Peak Financial Advisors LLC boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,339 shares of the utilities provider’s stock after purchasing an additional 100 shares during the period. Peak Financial Advisors LLC’s holdings in WEC Energy Group were worth $582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter valued at approximately $28,000. Hoey Investments Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter valued at approximately $42,000. Human Investing LLC acquired a new position in WEC Energy Group in the fourth quarter worth approximately $52,000. Finally, Cullen Frost Bankers Inc. raised its position in WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the sale, the vice president now owns 2,686 shares of the company’s stock, valued at $289,470.22. This trade represents a 44.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on WEC shares. Barclays lifted their target price on shares of WEC Energy Group from $99.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an “outperform” rating in a research note on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus target price of $107.13.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $107.47 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $107.03 and a 200-day simple moving average of $102.55. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.60 and a beta of 0.46. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.97 EPS. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were paid a $0.8975 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.34%. WEC Energy Group’s payout ratio is presently 69.59%.

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.