Hibernia Wealth Partners LLC Acquires Shares of 2,672 WEC Energy Group, Inc. $WEC

Hibernia Wealth Partners LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, HoldingsChannel.com reports. The firm bought 2,672 shares of the utilities provider’s stock, valued at approximately $278,000.

Several other institutional investors have also made changes to their positions in WEC. Stephens Inc. AR raised its holdings 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 valued at $532,000 after acquiring an additional 176 shares in the last quarter. CWM LLC raised its stake 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 purchasing an additional 122 shares in the last quarter. Sigma Planning Corp increased its holdings in WEC Energy Group by 4.3% in the 1st quarter. Sigma Planning Corp now owns 12,052 shares of the utilities provider’s stock valued at $1,313,000 after buying an additional 501 shares during the period. Apollon Wealth Management LLC raised its position in shares of WEC Energy Group by 6.2% in the 1st quarter. Apollon Wealth Management LLC now owns 9,624 shares of the utilities provider’s stock valued at $1,049,000 after buying an additional 558 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of WEC Energy Group by 220.7% during the 1st quarter. Larson Financial Group LLC now owns 882 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 607 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 0.5%

NYSE:WEC opened at $111.60 on Friday. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.50 and a quick ratio of 0.33. The company 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 firm’s 50 day simple moving average is $112.82 and its 200 day simple moving average is $108.90.

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

WEC Energy Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on WEC Energy Group from $114.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 21st. KeyCorp upped their price objective 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. Citigroup initiated coverage on WEC Energy Group in a research report on Friday, October 3rd. They issued a “buy” rating and a $131.00 target price on the stock. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Wells Fargo & Company began coverage on shares of WEC Energy Group in a report on Monday, October 27th. They set an “overweight” rating and a $124.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently 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.