Mather Group LLC. Has $442,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Mather Group LLC. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,249 shares of the utilities provider’s stock after selling 252 shares during the quarter. Mather Group LLC.’s holdings in WEC Energy Group were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brookstone Capital Management grew its stake in WEC Energy Group by 2.0% in the third quarter. Brookstone Capital Management now owns 13,381 shares of the utilities provider’s stock valued at $1,103,000 after purchasing an additional 268 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of WEC Energy Group by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 155,537 shares of the utilities provider’s stock valued at $12,529,000 after buying an additional 4,097 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in WEC Energy Group in the third quarter worth approximately $301,000. Xponance Inc. raised its position in WEC Energy Group by 2.2% during the third quarter. Xponance Inc. now owns 39,331 shares of the utilities provider’s stock valued at $3,168,000 after acquiring an additional 832 shares in the last quarter. Finally, Mission Wealth Management LP raised its position in WEC Energy Group by 19.3% during the third quarter. Mission Wealth Management LP now owns 5,290 shares of the utilities provider’s stock valued at $426,000 after acquiring an additional 855 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank reduced their price objective on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. The Goldman Sachs Group assumed coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective for the company. Barclays reduced their price objective on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $90.00 to $84.00 in a research note on Friday, February 2nd. Finally, StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $86.64.

Insider Transactions at WEC Energy Group

In other news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction that occurred on 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 transaction, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction that occurred on 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 sale, the chairman now owns 274,782 shares of the company’s stock, valued at $21,622,595.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

WEC Energy Group Stock Performance

WEC opened at $82.59 on Thursday. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $96.59. The firm has a market capitalization of $26.05 billion, a PE ratio of 19.57, a PEG ratio of 2.86 and a beta of 0.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. The business’s 50-day simple moving average is $80.50 and its 200 day simple moving average is $81.43.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.04%. WEC Energy Group’s dividend payout ratio (DPR) is currently 79.15%.

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.