Deutsche Bank AG Has $538.11 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Deutsche Bank AG raised its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,722,158 shares of the utilities provider’s stock after acquiring an additional 173,006 shares during the quarter. Deutsche Bank AG’s holdings in WEC Energy Group were worth $538,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in WEC Energy Group by 134.2% in the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock worth $1,038,931,000 after purchasing an additional 6,329,574 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of WEC Energy Group by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 8,063,653 shares of the utilities provider’s stock valued at $756,423,000 after acquiring an additional 110,802 shares during the period. JPMorgan Chase & Co. boosted its holdings in WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock valued at $462,276,000 after acquiring an additional 699,177 shares during the last quarter. Invesco Ltd. increased its position in WEC Energy Group by 7.9% in the fourth quarter. Invesco Ltd. now owns 4,212,188 shares of the utilities provider’s stock worth $396,114,000 after purchasing an additional 309,697 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in WEC Energy Group by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,863,782 shares of the utilities provider’s stock worth $363,350,000 after purchasing an additional 87,711 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares of the company’s stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $109.56 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market cap of $34.96 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00. The stock’s 50-day moving average is $107.04 and its 200-day moving average is $101.31.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.09. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.81 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business earned $1.97 EPS. Equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. This represents a $3.59 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. WEC Energy Group’s dividend payout ratio is presently 73.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WEC shares. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised WEC Energy Group from an “underweight” rating to a “neutral” rating and increased their price target for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on WEC Energy Group from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets increased their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Barclays lifted their price objective on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $107.13.

WEC Energy Group 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.