WEC Energy Group, Inc. (NYSE:WEC) Stock Position Boosted by Johnson Financial Group Inc.

Johnson Financial Group Inc. increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 106.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,214 shares of the utilities provider's stock after purchasing an additional 19,164 shares during the period. Johnson Financial Group Inc.'s holdings in WEC Energy Group were worth $3,694,000 at the end of the most recent quarter.

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Other institutional investors have also modified their holdings of the company. Marshall Financial Group LLC lifted 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 acquiring an additional 100 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of WEC Energy Group by 1.9% during the 4th quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock valued at $553,000 after acquiring an additional 109 shares in the last quarter. Wealth Alliance increased its position in WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock worth $1,325,000 after purchasing an additional 110 shares during the last quarter. Advisor OS LLC grew its stake in shares of WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock valued at $303,000 after buying an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of WEC Energy Group by 14.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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Several analysts have recently issued reports on WEC shares. JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their target price on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. BMO Capital Markets boosted their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, StockNews.com raised 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $104.38.

Get Our Latest Stock Report on WEC Energy Group

WEC Energy Group Stock Performance

WEC stock opened at $107.69 on Friday. The stock has a market capitalization of $34.36 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The company has a 50 day moving average price of $106.38 and a 200 day moving average price of $100.63. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. The ex-dividend date is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.33%. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio (DPR) is 73.91%.

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.

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