WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Clearstead Trust LLC

Clearstead Trust LLC decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,917 shares of the utilities provider’s stock after selling 683 shares during the quarter. Clearstead Trust LLC’s holdings in WEC Energy Group were worth $1,592,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in WEC Energy Group by 5,257.7% during the 3rd quarter. American Century Companies Inc. now owns 1,465,114 shares of the utilities provider’s stock worth $118,015,000 after purchasing an additional 1,437,768 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of WEC Energy Group by 131.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 861,320 shares of the utilities provider’s stock worth $69,379,000 after purchasing an additional 488,917 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in WEC Energy Group by 2,122.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 441,603 shares of the utilities provider’s stock valued at $37,170,000 after purchasing an additional 421,731 shares in the last quarter. CI Investments Inc. raised its stake in shares of WEC Energy Group by 17,727.0% during the third quarter. CI Investments Inc. now owns 371,872 shares of the utilities provider’s stock valued at $29,954,000 after purchasing an additional 369,786 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of WEC Energy Group by 8,801.5% during the fourth quarter. International Assets Investment Management LLC now owns 261,793 shares of the utilities provider’s stock valued at $22,035,000 after acquiring an additional 258,852 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded up $0.14 during trading on Friday, reaching $83.22. 1,780,159 shares of the stock were exchanged, compared to its average volume of 1,750,358. The firm has a market cap of $26.25 billion, a PE ratio of 18.17, a PEG ratio of 2.88 and a beta of 0.40. The stock has a 50-day moving average price of $80.69 and a 200-day moving average price of $81.44. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.24. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $96.17.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. Research analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 14th will be given a $0.835 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.01%. WEC Energy Group’s dividend payout ratio (DPR) is presently 72.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WEC shares. Royal Bank of Canada cut their price objective on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $90.00 to $84.00 in a research report on Friday, February 2nd. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. The Goldman Sachs Group began coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target on the stock. Finally, KeyCorp raised their target price on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.29.

Insider Buying and Selling at WEC Energy Group

In other news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now directly owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of WEC Energy Group stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the completion of the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 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.