Greenleaf Trust increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 17.9% in the fourth quarter, Holdings reports. The fund owned 9,073 shares of the utilities provider’s stock after buying an additional 1,375 shares during the quarter. Greenleaf Trust’s holdings in WEC Energy Group were worth $835,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Phoenix Wealth Advisors bought a new stake in WEC Energy Group during the 4th quarter valued at $25,000. Graves Light Private Wealth Management Inc. bought a new stake in WEC Energy Group during the 4th quarter valued at $26,000. Hoover Financial Advisors Inc. bought a new stake in WEC Energy Group during the 4th quarter valued at $29,000. Cowa LLC bought a new stake in WEC Energy Group during the 4th quarter valued at $29,000. Finally, Clearview Wealth Advisors LLC bought a new stake in WEC Energy Group during the 4th quarter valued at $44,000. 73.05% of the stock is owned by hedge funds and other institutional investors.

Shares of WEC stock opened at $82.04 on Tuesday. The stock has a market cap of $25.88 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 4.51 and a beta of 0.18. The business has a 50-day simple moving average of $86.89 and a 200-day simple moving average of $93.78. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 1.02. WEC Energy Group, Inc. has a 52-week low of $68.01 and a 52-week high of $109.53.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, February 4th. The utilities provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. WEC Energy Group’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 3.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Sunday, February 14th will be paid a dividend of $0.6775 per share. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.63. This represents a $2.71 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 11th. WEC Energy Group’s payout ratio is 75.70%.

WEC has been the subject of a number of research analyst reports. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and set a $107.00 target price for the company in a research report on Wednesday, January 13th. Credit Suisse Group lifted their target price on WEC Energy Group from $81.00 to $83.00 and gave the company an “underperform” rating in a research report on Monday, November 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Company 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.

See Also: Asset Allocation

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

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