2,387 Shares in WEC Energy Group, Inc. $WEC Bought by Midwest Trust Co

Midwest Trust Co acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,387 shares of the utilities provider’s stock, valued at approximately $249,000.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of WEC Energy Group by 34.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,213,304 shares of the utilities provider’s stock valued at $567,727,000 after buying an additional 1,349,522 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of WEC Energy Group by 16.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,103,604 shares of the utilities provider’s stock worth $556,191,000 after acquiring an additional 726,267 shares in the last quarter. Ameriprise Financial Inc. increased its stake in WEC Energy Group by 0.8% in the first quarter. Ameriprise Financial Inc. now owns 4,274,385 shares of the utilities provider’s stock valued at $466,451,000 after acquiring an additional 33,810 shares during the last quarter. Northern Trust Corp increased its stake in WEC Energy Group by 4.9% in the first quarter. Northern Trust Corp now owns 4,003,464 shares of the utilities provider’s stock valued at $436,298,000 after acquiring an additional 188,057 shares during the last quarter. Finally, Nuveen LLC acquired a new position in WEC Energy Group during the first quarter valued at approximately $403,372,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 0.5%

Shares of WEC stock opened at $111.60 on Friday. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $118.18. The stock’s fifty day simple moving average is $112.82 and its 200 day simple moving average is $108.90. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $36.30 billion, a P/E ratio of 21.10, a P/E/G ratio of 3.16 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. The firm had revenue of $2.28 billion during the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays raised their target price on WEC Energy Group from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Mizuho set a $125.00 price objective on WEC Energy Group in a research report on Monday, October 27th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company began coverage on WEC Energy Group in a research note on Monday, October 27th. They set an “overweight” rating and a $124.00 target price for the company. Finally, Cowen started coverage on shares of WEC Energy Group in a report on Wednesday, October 15th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.21.

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.