Blackhawk Capital Partners LLC. Reduces Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Blackhawk Capital Partners LLC. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,587 shares of the utilities provider’s stock after selling 1,445 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in WEC Energy Group were worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Marshall Financial Group LLC lifted its holdings in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 100 shares during the period. Wealth Alliance grew its holdings in WEC Energy Group by 0.8% during the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock valued at $1,325,000 after purchasing an additional 110 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of WEC Energy Group by 14.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 118 shares in the last quarter. Tsfg LLC boosted its stake in shares of WEC Energy Group by 4.6% during the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after buying an additional 119 shares during the last quarter. Finally, Concord Wealth Partners boosted its stake in WEC Energy Group by 20.7% during the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock valued at $75,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.8 %

Shares of NYSE WEC opened at $104.89 on Tuesday. The stock has a market cap of $33.18 billion, a PE ratio of 21.72, a PEG ratio of 2.60 and a beta of 0.49. WEC Energy Group, Inc. has a 52-week low of $76.50 and a 52-week high of $105.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The business has a fifty day moving average of $97.96 and a two-hundred day moving average of $96.56.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.18%. WEC Energy Group’s dividend payout ratio is 73.91%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WEC. Scotiabank boosted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. KeyCorp raised their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $101.88.

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.