Tiemann Investment Advisors LLC acquired a new stake in WEC Energy Group Inc (NYSE:WEC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,873 shares of the utilities provider’s stock, valued at approximately $227,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of WEC. Oregon Public Employees Retirement Fund increased its position in WEC Energy Group by 6,740.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 2,325,262 shares in the last quarter. FMR LLC increased its position in WEC Energy Group by 275.1% in the 4th quarter. FMR LLC now owns 2,807,699 shares of the utilities provider’s stock valued at $194,462,000 after acquiring an additional 2,059,213 shares in the last quarter. BlackRock Inc. increased its position in WEC Energy Group by 5.7% in the 4th quarter. BlackRock Inc. now owns 29,050,912 shares of the utilities provider’s stock valued at $2,012,066,000 after acquiring an additional 1,563,355 shares in the last quarter. Bahl & Gaynor Inc. increased its position in WEC Energy Group by 56.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,843,839 shares of the utilities provider’s stock valued at $127,704,000 after acquiring an additional 665,695 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of WEC Energy Group by 44.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,635,780 shares of the utilities provider’s stock valued at $129,358,000 after purchasing an additional 504,048 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.
In related news, VP William J. Guc sold 4,481 shares of WEC Energy Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.10, for a total transaction of $349,966.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott J. Lauber sold 3,360 shares of WEC Energy Group stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $82.50, for a total transaction of $277,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 471,457 shares of company stock worth $38,588,620 in the last three months. 0.75% of the stock is owned by insiders.
Shares of NYSE WEC traded up $0.57 during mid-day trading on Friday, hitting $84.18. The company’s stock had a trading volume of 75,625 shares, compared to its average volume of 1,331,619. The firm has a market capitalization of $26.37 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 4.04 and a beta of 0.13. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 1.02. WEC Energy Group Inc has a one year low of $59.13 and a one year high of $84.55.
WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.08. WEC Energy Group had a net margin of 14.03% and a return on equity of 11.06%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $1.23 EPS. WEC Energy Group’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that WEC Energy Group Inc will post 3.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 14th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, May 13th. WEC Energy Group’s payout ratio is 70.66%.
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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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