Advisor OS LLC Acquires 110 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Advisor OS LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,222 shares of the utilities provider’s stock after purchasing an additional 110 shares during the quarter. Advisor OS LLC’s holdings in WEC Energy Group were worth $303,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Coastline Trust Co bought a new stake in shares of WEC Energy Group in the third quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in shares of WEC Energy Group in the third quarter worth $45,000. Human Investing LLC bought a new stake in shares of WEC Energy Group in the fourth quarter worth $52,000. Bank of Jackson Hole Trust bought a new stake in shares of WEC Energy Group in the fourth quarter worth $59,000. Finally, Kestra Investment Management LLC bought a new stake in shares of WEC Energy Group in the fourth quarter worth $61,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $105.75 on Friday. The stock has a market capitalization of $33.45 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49. The company’s 50-day moving average is $98.69 and its 200-day moving average is $96.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. WEC Energy Group, Inc. has a 1 year low of $76.78 and a 1 year high of $106.75.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.16%. WEC Energy Group’s dividend payout ratio is presently 73.91%.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. KeyCorp upped their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank upped their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. BMO Capital Markets upped 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 research report on Wednesday, February 5th. Finally, Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.88.

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.