Stablepoint Partners LLC Purchases 1,748 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Stablepoint Partners LLC boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 34.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,763 shares of the utilities provider’s stock after purchasing an additional 1,748 shares during the quarter. Stablepoint Partners LLC’s holdings in WEC Energy Group were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WEC. Marshall Financial Group LLC lifted its holdings in WEC Energy Group by 4.8% in the fourth 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 period. Massmutual Trust Co. FSB ADV lifted its stake in shares of WEC Energy Group by 5.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 111 shares during the period. Tsfg LLC boosted its holdings in WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after buying an additional 119 shares in the last quarter. Drake & Associates LLC grew its position in WEC Energy Group by 2.0% during the third 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 during the period. Finally, Park National Corp OH increased its holdings in WEC Energy Group by 3.4% in the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after buying an additional 130 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,204,570.88. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company’s stock, 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 ninety days, insiders sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is currently owned by company insiders.

WEC Energy Group Stock Performance

NYSE WEC opened at $98.02 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $102.79. The firm has a market capitalization of $31.01 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48. The stock’s fifty day moving average is $96.73 and its two-hundred day moving average is $93.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, research analysts anticipate that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $98.40.

WEC Energy Group 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.