National Pension Service Purchases 3,563 Shares of WEC Energy Group, Inc. $WEC

National Pension Service grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,222 shares of the utilities provider’s stock after acquiring an additional 3,563 shares during the period. National Pension Service owned 0.11% of WEC Energy Group worth $38,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Verdence Capital Advisors LLC grew its stake in WEC Energy Group by 1.6% during the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock worth $595,000 after purchasing an additional 92 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of WEC Energy Group by 14.3% during the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock worth $81,000 after buying an additional 93 shares in the last quarter. Liberty Capital Management Inc. grew its position in shares of WEC Energy Group by 3.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock worth $276,000 after buying an additional 97 shares during the period. Sound View Wealth Advisors Group LLC grew its position in shares of WEC Energy Group by 1.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 8,281 shares of the utilities provider’s stock worth $863,000 after buying an additional 97 shares during the period. Finally, Mark Sheptoff Financial Planning LLC increased its stake in shares of WEC Energy Group by 13.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 840 shares of the utilities provider’s stock valued at $88,000 after acquiring an additional 100 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on WEC. Scotiabank increased their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Thursday. 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 research note on Tuesday, October 21st. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, BTIG Research upgraded WEC Energy Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.21.

WEC Energy Group Price Performance

WEC stock opened at $110.80 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50. The business has a 50-day simple moving average of $112.89 and a two-hundred day simple moving average of $108.92. The company has a market capitalization of $36.04 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.48. WEC Energy Group, Inc. has a 52-week low of $91.94 and a 52-week high of $118.18.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data 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%. Research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s payout ratio is currently 67.49%.

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.