ST Germain D J Co. Inc. Reduces Holdings in WEC Energy Group, Inc. (NYSE:WEC)

ST Germain D J Co. Inc. lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 15.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,060 shares of the utilities provider’s stock after selling 194 shares during the period. ST Germain D J Co. Inc.’s holdings in WEC Energy Group were worth $83,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC raised its position in WEC Energy Group by 0.4% in the 4th quarter. N.E.W. Advisory Services LLC now owns 36,086 shares of the utilities provider’s stock worth $3,037,000 after purchasing an additional 132 shares during the period. Wesbanco Bank Inc. boosted its holdings in WEC Energy Group by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 6,869 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 134 shares during the period. Diversified Trust Co grew its position in WEC Energy Group by 2.7% in the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 134 shares during the last quarter. MPS Loria Financial Planners LLC increased its stake in WEC Energy Group by 2.1% in the first quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 135 shares during the period. Finally, Keystone Financial Group lifted its position in shares of WEC Energy Group by 4.5% during the fourth quarter. Keystone Financial Group now owns 3,211 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.3 %

WEC traded up $0.28 on Tuesday, hitting $88.47. The company had a trading volume of 2,211,586 shares, compared to its average volume of 2,176,239. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 2.33 and a beta of 0.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.42 and a current ratio of 0.74. The stock has a fifty day moving average price of $80.64 and a 200-day moving average price of $80.70. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $92.23.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. Analysts predict that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 14th will be paid a dividend of $0.835 per share. The ex-dividend date is Wednesday, August 14th. This represents a $3.34 annualized dividend and a yield of 3.78%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WEC. The Goldman Sachs Group assumed coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. BMO Capital Markets increased their price objective on WEC Energy Group from $87.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Scotiabank decreased their target price on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.31.

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.