WEC Energy Group, Inc. (NYSE:WEC) Stake Lessened by PFW Advisors LLC

PFW Advisors LLC decreased its position in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,176 shares of the utilities provider’s stock after selling 181 shares during the period. PFW Advisors LLC’s holdings in WEC Energy Group were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WEC. Northwest Bank & Trust Co bought a new stake in shares of WEC Energy Group in the 4th quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new stake in WEC Energy Group in the fourth quarter worth about $26,000. Valued Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $28,000. First United Bank & Trust bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $30,000. Finally, Fortitude Family Office LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $33,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WEC has been the subject of a number of research reports. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. The Goldman Sachs Group started coverage on WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective for the company. BMO Capital Markets boosted their target price on WEC Energy Group from $89.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. KeyCorp upped their target price on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Scotiabank dropped their price target on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus target price of $85.92.

View Our Latest Stock Report on WEC

WEC Energy Group Stock Down 1.3 %

Shares of NYSE:WEC traded down $1.02 during trading on Friday, reaching $78.23. 4,116,567 shares of the company traded hands, compared to its average volume of 1,996,994. The firm has a fifty day simple moving average of $81.53 and a 200 day simple moving average of $81.29. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $93.37. The firm has a market cap of $24.71 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.05 and a beta of 0.42.

WEC Energy Group (NYSE:WECGet Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 14th were issued a $0.835 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a yield of 4.27%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

About WEC Energy Group

(Free Report)

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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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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