Donaldson Capital Management LLC raised its holdings in WEC Energy Group Inc (NYSE:WEC) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 373,669 shares of the utilities provider’s stock after buying an additional 7,229 shares during the quarter. WEC Energy Group accounts for about 2.3% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Donaldson Capital Management LLC’s holdings in WEC Energy Group were worth $34,463,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. National Pension Service grew its stake in shares of WEC Energy Group by 5.0% in the third quarter. National Pension Service now owns 428,799 shares of the utilities provider’s stock worth $40,779,000 after acquiring an additional 20,477 shares during the last quarter. Scotia Capital Inc. boosted its stake in WEC Energy Group by 12.3% during the second quarter. Scotia Capital Inc. now owns 3,436 shares of the utilities provider’s stock worth $287,000 after buying an additional 376 shares in the last quarter. Tiedemann Advisors LLC boosted its stake in WEC Energy Group by 3.3% during the third quarter. Tiedemann Advisors LLC now owns 32,504 shares of the utilities provider’s stock worth $3,091,000 after buying an additional 1,025 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in WEC Energy Group by 50.9% during the third quarter. AdvisorNet Financial Inc now owns 5,874 shares of the utilities provider’s stock worth $559,000 after buying an additional 1,981 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in WEC Energy Group by 2.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,293,059 shares of the utilities provider’s stock worth $122,970,000 after buying an additional 36,556 shares in the last quarter. 77.19% of the stock is currently owned by institutional investors.
In other WEC Energy Group news, Director Barbara L. Bowles sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.07, for a total value of $88,070.00. Insiders own 0.75% of the company’s stock.
Shares of NYSE WEC traded down $0.12 during midday trading on Tuesday, reaching $93.53. 56,928 shares of the company traded hands, compared to its average volume of 1,254,631. The firm has a market cap of $29.19 billion, a PE ratio of 27.96, a PEG ratio of 4.04 and a beta of -0.01. The stock’s 50-day simple moving average is $90.62 and its 200-day simple moving average is $90.53. WEC Energy Group Inc has a 12 month low of $67.80 and a 12 month high of $98.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.42 and a current ratio of 0.63.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.68 billion. WEC Energy Group had a return on equity of 10.91% and a net margin of 14.32%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. On average, equities research analysts expect that WEC Energy Group Inc will post 3.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be issued a $0.6325 dividend. This represents a $2.53 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, February 13th. WEC Energy Group’s payout ratio is currently 70.66%.
A number of equities research analysts have weighed in on WEC shares. Wells Fargo & Co reiterated a “buy” rating on shares of WEC Energy Group in a research note on Monday, December 9th. Argus reiterated a “buy” rating on shares of WEC Energy Group in a research note on Tuesday. Zacks Investment Research upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. started coverage on shares of WEC Energy Group in a research note on Tuesday, October 8th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, ValuEngine downgraded shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.80.
WEC Energy Group Company Profile
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
Read More: Correction
Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc (NYSE:WEC).
Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.