Johnson Financial Group Inc. Boosts Stock Holdings in WEC Energy Group, Inc. $WEC

Johnson Financial Group Inc. grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,602 shares of the utilities provider’s stock after purchasing an additional 1,001 shares during the period. Johnson Financial Group Inc.’s holdings in WEC Energy Group were worth $3,710,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in WEC Energy Group in the 1st quarter worth about $25,000. Nova Wealth Management Inc. bought a new position in shares of WEC Energy Group during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd purchased a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $26,000. New England Capital Financial Advisors LLC boosted its stake in shares of WEC Energy Group by 265.8% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after buying an additional 202 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings 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 valued at $32,000 after acquiring an additional 115 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on WEC shares. Cowen initiated coverage on WEC Energy Group in a report on Wednesday, October 15th. They set a “hold” rating on the stock. Royal Bank Of Canada set a $131.00 target price on WEC Energy Group in a research report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Tuesday. Citigroup started coverage on shares of WEC Energy Group in a report on Friday, October 3rd. They issued a “buy” rating and a $131.00 price target on the stock. Finally, Scotiabank raised their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $120.21.

WEC Energy Group Stock Up 1.0%

Shares of NYSE WEC opened at $112.33 on Thursday. 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 stock has a market capitalization of $36.54 billion, a PE ratio of 21.24, a P/E/G ratio of 2.81 and a beta of 0.48. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.18. The business’s fifty day moving average price is $113.22 and its 200-day moving average price is $109.05.

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

WEC Energy Group Announces Dividend

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

WEC Energy Group Company 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.