5,725 Shares in WEC Energy Group Inc (WEC) Acquired by HRT Financial LLC

HRT Financial LLC purchased a new position in shares of WEC Energy Group Inc (NYSE:WEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,725 shares of the utilities provider’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in WEC Energy Group by 6,740.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 2,325,262 shares during the period. BlackRock Inc. lifted its stake in shares of WEC Energy Group by 5.7% in the 4th quarter. BlackRock Inc. now owns 29,050,912 shares of the utilities provider’s stock worth $2,012,066,000 after acquiring an additional 1,563,355 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of WEC Energy Group by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,999,731 shares of the utilities provider’s stock worth $600,825,000 after acquiring an additional 1,336,719 shares during the period. Scout Investments Inc. acquired a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $67,361,000. Finally, Renaissance Technologies LLC lifted its stake in shares of WEC Energy Group by 24.2% in the 3rd quarter. Renaissance Technologies LLC now owns 3,873,402 shares of the utilities provider’s stock worth $258,588,000 after acquiring an additional 753,600 shares during the period. 74.95% of the stock is owned by institutional investors.

In related news, insider Tom Metcalfe sold 13,675 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.72, for a total transaction of $1,035,471.00. Following the completion of the sale, the insider now directly owns 20,304 shares of the company’s stock, valued at approximately $1,537,418.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Allen L. Leverett sold 112,250 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $74.35, for a total transaction of $8,345,787.50. Following the transaction, the director now owns 151,589 shares of the company’s stock, valued at $11,270,642.15. The disclosure for this sale can be found here. Insiders sold 456,668 shares of company stock valued at $34,330,208 over the last three months. Insiders own 0.75% of the company’s stock.

WEC has been the topic of a number of research reports. Argus boosted their target price on shares of WEC Energy Group to $85.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Credit Suisse Group boosted their target price on shares of WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Wells Fargo & Co boosted their target price on shares of WEC Energy Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Finally, Goldman Sachs Group lowered shares of WEC Energy Group from a “neutral” rating to a “sell” rating and cut their price target for the company from $71.00 to $70.00 in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $73.70.

WEC traded down $0.13 on Friday, reaching $76.29. 1,842,825 shares of the company traded hands, compared to its average volume of 1,762,247. WEC Energy Group Inc has a 52-week low of $58.48 and a 52-week high of $80.05. The company has a market capitalization of $24.07 billion, a PE ratio of 22.84, a PEG ratio of 5.04 and a beta of 0.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.67.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 12th. The utilities provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.96 billion. WEC Energy Group had a net margin of 13.81% and a return on equity of 10.87%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 14th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, May 13th. WEC Energy Group’s dividend payout ratio is 70.66%.

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WEC Energy Group 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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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

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