2,387 Shares in WEC Energy Group, Inc. $WEC Bought by Midwest Trust Co

Midwest Trust Co bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 2,387 shares of the utilities provider’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of WEC Energy Group by 34.9% during 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $556,191,000 after acquiring an additional 726,267 shares during the last quarter. Ameriprise Financial Inc. increased its position in WEC Energy Group by 0.8% during the 1st quarter. Ameriprise Financial Inc. now owns 4,274,385 shares of the utilities provider’s stock valued at $466,451,000 after purchasing an additional 33,810 shares during the period. Northern Trust Corp raised its holdings in WEC Energy Group by 4.9% during the 1st quarter. Northern Trust Corp now owns 4,003,464 shares of the utilities provider’s stock worth $436,298,000 after purchasing an additional 188,057 shares during the last quarter. Finally, Nuveen LLC bought a new position in WEC Energy Group during the 1st quarter worth approximately $403,372,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BTIG Research raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. UBS Group upped their price target on shares of WEC Energy Group from $117.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Citigroup assumed coverage on WEC Energy Group in a report on Friday, October 3rd. They set a “buy” rating and a $131.00 price target for the company. Finally, Scotiabank boosted their price objective on WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.21.

WEC Energy Group Stock Down 0.5%

Shares of NYSE WEC opened at $111.60 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The firm has a market cap of $36.30 billion, a PE ratio of 21.10, a P/E/G ratio of 3.16 and a beta of 0.48. The company’s fifty day simple moving average is $112.82 and its 200 day simple moving average is $108.90. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month 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. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. The firm had revenue of $2.28 billion during the quarter. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company 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 dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio is 67.49%.

WEC Energy Group 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.