WEC Energy Group, Inc. $WEC Position Reduced by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,247 shares of the utilities provider’s stock after selling 4,344 shares during the quarter. Level Four Advisory Services LLC’s holdings in WEC Energy Group were worth $2,735,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new stake in WEC Energy Group during the 1st quarter valued at $26,000. Bayforest Capital Ltd purchased a new stake in shares of WEC Energy Group in the second quarter valued at $26,000. New England Capital Financial Advisors LLC lifted its holdings in shares of WEC Energy Group by 265.8% in the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of WEC Energy Group by 60.5% in the second quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock worth $32,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Down 0.2%

Shares of WEC Energy Group stock opened at $112.07 on Friday. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.83 and a beta of 0.48. The stock has a 50-day simple moving average of $113.31 and a 200-day simple moving average of $109.16. WEC Energy Group, Inc. has a 52-week low of $91.94 and a 52-week 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.

WEC Energy Group (NYSE:WEC) last posted its 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, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued 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 currently 67.49%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BTIG Research raised WEC Energy Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup started coverage on WEC Energy Group in a research note on Friday, October 3rd. They set a “buy” rating and a $131.00 target price on the stock. Barclays upped their target price on WEC Energy Group from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Scotiabank increased their price target on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, LADENBURG THALM/SH SH raised shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.