Callan Family Office LLC Has $751,000 Holdings in WEC Energy Group, Inc. $WEC

Callan Family Office LLC increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 111.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,204 shares of the utilities provider’s stock after acquiring an additional 3,792 shares during the quarter. Callan Family Office LLC’s holdings in WEC Energy Group were worth $751,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WEC. Nuveen LLC acquired a new stake in shares of WEC Energy Group during the first quarter valued at approximately $403,372,000. Charles Schwab Investment Management Inc. grew its position in WEC Energy Group by 34.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,213,304 shares of the utilities provider’s stock worth $567,727,000 after acquiring an additional 1,349,522 shares in the last quarter. JPMorgan Chase & Co. grew its position in WEC Energy Group by 16.6% in the first quarter. JPMorgan Chase & Co. now owns 5,103,604 shares of the utilities provider’s stock worth $556,191,000 after acquiring an additional 726,267 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of WEC Energy Group by 1,529.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 709,209 shares of the utilities provider’s stock worth $77,290,000 after buying an additional 665,681 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of WEC Energy Group by 20.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,519,401 shares of the utilities provider’s stock worth $274,564,000 after buying an additional 430,269 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In other news, VP Anthony Reese sold 4,177 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.30, for a total value of $460,723.10. Following the transaction, the vice president owned 1,757 shares of the company’s stock, valued at approximately $193,797.10. This trade represents a 70.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 9,231 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the completion of the transaction, the chief executive officer directly owned 56,443 shares in the company, valued at $6,258,399.84. This trade represents a 14.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on WEC. UBS Group upped their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of WEC Energy Group in a report on Wednesday, October 8th. Scotiabank increased their price objective on shares of WEC Energy Group from $115.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group cut shares of WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. Finally, LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $112.20.

WEC Energy Group Stock Down 0.1%

Shares of NYSE:WEC opened at $115.02 on Tuesday. WEC Energy Group, Inc. has a 12 month low of $91.94 and a 12 month high of $115.90. The company’s 50-day moving average price is $110.02 and its two-hundred day moving average price is $107.74. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The firm has a market cap of $37.02 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.16 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm had revenue of $2.28 billion for the quarter. As a group, research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were paid a $0.8925 dividend. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is 68.39%.

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.