Vise Technologies Inc. Buys Shares of 12,590 WEC Energy Group, Inc. $WEC

Vise Technologies Inc. purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,590 shares of the utilities provider’s stock, valued at approximately $1,312,000.

A number of other hedge funds also recently bought and sold shares of WEC. Stephens Inc. AR grew its position in WEC Energy Group by 3.7% in the 1st quarter. Stephens Inc. AR now owns 4,886 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 176 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in WEC Energy Group by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the utilities provider’s stock worth $1,864,000 after purchasing an additional 100 shares during the period. CWM LLC grew its position in WEC Energy Group by 0.6% in the first quarter. CWM LLC now owns 19,554 shares of the utilities provider’s stock valued at $2,131,000 after acquiring an additional 122 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of WEC Energy Group by 2.2% in the 1st quarter. Bleakley Financial Group LLC now owns 11,039 shares of the utilities provider’s stock valued at $1,203,000 after purchasing an additional 239 shares in the last quarter. Finally, Sigma Planning Corp increased its position in shares of WEC Energy Group by 4.3% during the 1st quarter. Sigma Planning Corp now owns 12,052 shares of the utilities provider’s stock worth $1,313,000 after purchasing an additional 501 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Trading Down 0.4%

Shares of NYSE:WEC opened at $111.66 on Thursday. The stock has a market capitalization of $36.32 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.17 and a beta of 0.48. The company’s 50-day moving average price is $112.74 and its two-hundred day moving average price is $108.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.50 and a quick ratio of 0.33. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. The firm had revenue of $2.28 billion for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.8925 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. WEC Energy Group’s dividend payout ratio is 67.49%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WEC. Mizuho set a $125.00 price target on WEC Energy Group in a research report on Monday, October 27th. Barclays boosted their target price on shares of WEC Energy Group from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. BMO Capital Markets increased their price objective on WEC Energy Group from $114.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, October 21st. KeyCorp boosted their target price on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, TD Cowen began coverage on WEC Energy Group in a report on Thursday, October 16th. They issued a “hold” rating and a $125.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and an average price target of $120.21.

About WEC Energy Group

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.