Roman Butler Fullerton & Co. Makes New $200,000 Investment in WEC Energy Group Inc (NYSE:WEC)

Roman Butler Fullerton & Co. bought a new position in WEC Energy Group Inc (NYSE:WEC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,403 shares of the utilities provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of WEC Energy Group by 1.2% in the first quarter. Northern Trust Corp now owns 5,306,680 shares of the utilities provider’s stock worth $419,652,000 after purchasing an additional 65,226 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of WEC Energy Group by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 4,266,754 shares of the utilities provider’s stock worth $295,016,000 after purchasing an additional 356,209 shares in the last quarter. FMR LLC grew its stake in shares of WEC Energy Group by 275.1% in the fourth quarter. FMR LLC now owns 2,807,699 shares of the utilities provider’s stock worth $194,462,000 after purchasing an additional 2,059,213 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of WEC Energy Group by 17.9% in the first quarter. California Public Employees Retirement System now owns 1,974,669 shares of the utilities provider’s stock worth $156,157,000 after purchasing an additional 300,440 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of WEC Energy Group by 1.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,927,129 shares of the utilities provider’s stock worth $152,397,000 after purchasing an additional 19,195 shares in the last quarter. 75.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP William J. Guc sold 4,481 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.10, for a total transaction of $349,966.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott J. Lauber sold 3,360 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $82.50, for a total value of $277,200.00. The disclosure for this sale can be found here. Insiders have sold 471,457 shares of company stock valued at $38,588,620 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Several research firms have recently issued reports on WEC. Bank of America cut WEC Energy Group from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 24th. Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $71.00 to $70.00 in a research note on Monday, April 8th. KeyCorp initiated coverage on WEC Energy Group in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Wolfe Research set a $77.00 target price on WEC Energy Group and gave the company a “sell” rating in a research note on Friday, April 26th. Finally, Scotiabank cut WEC Energy Group from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $76.00 to $78.00 in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $75.75.

WEC stock traded down $0.62 during trading hours on Friday, hitting $86.56. 2,173,154 shares of the stock traded hands, compared to its average volume of 1,578,500. The firm has a 50-day moving average of $85.34. WEC Energy Group Inc has a one year low of $64.96 and a one year high of $87.93. The firm has a market capitalization of $26.96 billion, a P/E ratio of 24.77, a P/E/G ratio of 4.15 and a beta of 0.11. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 1.02.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 14th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 13th. This represents a $2.36 annualized dividend and a yield of 2.73%. WEC Energy Group’s dividend payout ratio is currently 70.66%.

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.

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

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