Apollon Wealth Management LLC Has $853,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Apollon Wealth Management LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,066 shares of the utilities provider’s stock after purchasing an additional 175 shares during the quarter. Apollon Wealth Management LLC’s holdings in WEC Energy Group were worth $853,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WEC. Annex Advisory Services LLC raised its stake in shares of WEC Energy Group by 6.5% in the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock valued at $10,405,000 after buying an additional 6,785 shares in the last quarter. Matrix Trust Co acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $1,538,000. DRW Securities LLC acquired a new position in shares of WEC Energy Group in the 3rd quarter valued at $1,392,000. Motley Fool Wealth Management LLC raised its stake in shares of WEC Energy Group by 51.0% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after buying an additional 10,126 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of WEC Energy Group by 20.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock valued at $42,689,000 after buying an additional 78,580 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WEC. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average price target of $101.88.

WEC Energy Group Stock Up 1.5 %

Shares of NYSE:WEC opened at $102.72 on Wednesday. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $102.79. The company’s 50-day moving average price is $96.63 and its two-hundred day moving average price is $95.41. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm has a market cap of $32.50 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.53 and a beta of 0.49.

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

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 yield of 3.25%. WEC Energy Group’s payout ratio is presently 73.91%.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares in the company, valued at approximately $27,204,570.88. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,794 shares of company stock worth $4,866,579. Company insiders own 0.34% of the company’s stock.

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.