Fox Hill Wealth Management Has $1.25 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Fox Hill Wealth Management lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,164 shares of the utilities provider’s stock after purchasing an additional 2,393 shares during the period. Fox Hill Wealth Management’s holdings in WEC Energy Group were worth $1,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $983,000. Dearborn Partners LLC increased its stake in WEC Energy Group by 29.2% in the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock valued at $49,022,000 after acquiring an additional 131,797 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in WEC Energy Group by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock valued at $27,391,000 after acquiring an additional 19,867 shares during the period. Vaughan David Investments LLC IL increased its stake in WEC Energy Group by 3.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock valued at $36,059,000 after acquiring an additional 14,084 shares during the period. Finally, Alley Investment Management Company LLC increased its stake in WEC Energy Group by 324.5% in the fourth quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock valued at $3,304,000 after acquiring an additional 30,009 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.0 %

NYSE WEC traded up $0.01 during trading hours on Friday, hitting $78.46. The company’s stock had a trading volume of 2,419,230 shares, compared to its average volume of 2,115,833. The stock has a fifty day moving average of $81.42 and a 200 day moving average of $81.08. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $93.37. The firm has a market capitalization of $24.78 billion, a P/E ratio of 17.13, a PEG ratio of 2.03 and a beta of 0.42. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 1.24.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Monday, May 13th. WEC Energy Group’s dividend payout ratio is 72.93%.

Wall Street Analyst Weigh In

WEC has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of WEC Energy Group from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. KeyCorp upped their target price on shares of WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. The Goldman Sachs Group initiated coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective on the stock. Finally, Scotiabank reduced their target price on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average target price of $85.92.

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.