Motley Fool Wealth Management LLC Has $1.71 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Motley Fool Wealth Management LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,219 shares of the utilities provider’s stock after selling 1,625 shares during the period. Motley Fool Wealth Management LLC’s holdings in WEC Energy Group were worth $1,709,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in WEC Energy Group in the 4th quarter valued at approximately $26,000. Valued Wealth Advisors LLC bought a new stake in WEC Energy Group in the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new stake in WEC Energy Group in the 4th quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC bought a new stake in shares of WEC Energy Group during the 3rd quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $40,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE WEC traded down $1.32 on Friday, reaching $81.49. The stock had a trading volume of 1,945,646 shares, compared to its average volume of 1,418,732. The company has a market cap of $25.70 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.87 and a beta of 0.40. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $97.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a fifty day moving average of $80.25 and a two-hundred day moving average of $81.43.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.02. The company 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%. WEC Energy Group’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, May 13th. WEC Energy Group’s dividend payout ratio (DPR) is currently 79.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WEC shares. Scotiabank dropped their price objective 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. 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 on the stock. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Royal Bank of Canada decreased their target price on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Finally, KeyCorp boosted their target price on WEC Energy Group from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.64.

Insider Transactions at WEC Energy Group

In related news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction 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 owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Company 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.