14,740 Shares in WEC Energy Group, Inc. $WEC Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,740 shares of the utilities provider’s stock, valued at approximately $1,536,000.

A number of other institutional investors have also recently modified their holdings of WEC. Truvestments Capital LLC bought a new position in shares of WEC Energy Group in the first quarter worth $25,000. Nova Wealth Management Inc. bought a new position in WEC Energy Group in the 1st quarter valued at about $26,000. Bayforest Capital Ltd acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $26,000. Finally, New England Capital Financial Advisors LLC boosted its position in shares of WEC Energy Group by 265.8% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WEC has been the subject of several research analyst reports. Scotiabank boosted their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday. Royal Bank Of Canada set a $131.00 price objective on WEC Energy Group in a research report on Monday, October 27th. LADENBURG THALM/SH SH upgraded WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Finally, Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.21.

WEC Energy Group Trading Down 0.1%

Shares of WEC stock opened at $104.63 on Wednesday. The firm has a market capitalization of $34.04 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.65 and a beta of 0.56. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $118.18. 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 stock’s fifty day simple moving average is $112.51 and its 200 day simple moving average is $109.22.

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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is presently 72.02%.

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.