WEC Energy Group (WEC) Shares Bought by Reilly Herbert Faulkner III

Reilly Herbert Faulkner III lifted its position in WEC Energy Group (NYSE:WEC) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,208 shares of the utilities provider’s stock after purchasing an additional 1,884 shares during the quarter. WEC Energy Group makes up 2.8% of Reilly Herbert Faulkner III’s investment portfolio, making the stock its 20th biggest holding. Reilly Herbert Faulkner III’s holdings in WEC Energy Group were worth $4,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Santa Barbara Asset Management LLC boosted its position in shares of WEC Energy Group by 13.1% in the 1st quarter. Santa Barbara Asset Management LLC now owns 2,114,702 shares of the utilities provider’s stock valued at $132,592,000 after purchasing an additional 245,701 shares during the period. Signaturefd LLC acquired a new stake in shares of WEC Energy Group in the 1st quarter valued at about $166,000. Thompson Siegel & Walmsley LLC boosted its position in shares of WEC Energy Group by 72.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 885,191 shares of the utilities provider’s stock valued at $55,501,000 after purchasing an additional 370,429 shares during the period. Richard C. Young & CO. LTD. boosted its position in shares of WEC Energy Group by 912.8% in the 1st quarter. Richard C. Young & CO. LTD. now owns 52,049 shares of the utilities provider’s stock valued at $3,264,000 after purchasing an additional 46,910 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of WEC Energy Group by 15.1% in the 1st quarter. LS Investment Advisors LLC now owns 35,962 shares of the utilities provider’s stock valued at $2,255,000 after purchasing an additional 4,715 shares during the period. 73.26% of the stock is owned by hedge funds and other institutional investors.

WEC has been the subject of a number of research analyst reports. Zacks Investment Research cut WEC Energy Group from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a research report on Sunday, January 21st. Wells Fargo decreased their target price on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. UBS initiated coverage on WEC Energy Group in a research report on Friday, February 2nd. They set a “neutral” rating and a $65.00 price objective for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $63.00 price objective (down from $65.00) on shares of WEC Energy Group in a research report on Friday, February 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $66.00 price objective on shares of WEC Energy Group in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. WEC Energy Group has an average rating of “Hold” and a consensus price target of $66.00.

In other news, Director Ulice Payne, Jr. sold 1,600 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $64.45, for a total transaction of $103,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total value of $120,380.00. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.

WEC Energy Group opened at $61.32 on Wednesday, MarketBeat.com reports. WEC Energy Group has a twelve month low of $60.93 and a twelve month high of $61.73. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 0.89. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 4.54 and a beta of 0.06.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 1st. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. WEC Energy Group had a return on equity of 11.01% and a net margin of 16.23%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. research analysts forecast that WEC Energy Group will post 3.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 14th will be given a dividend of $0.5525 per share. The ex-dividend date is Friday, May 11th. This represents a $2.21 dividend on an annualized basis and a yield of 3.60%. WEC Energy Group’s payout ratio is 70.38%.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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