Tfo Tdc LLC Acquires Shares of 320 WEC Energy Group Inc (NYSE:WEC)

Tfo Tdc LLC purchased a new position in shares of WEC Energy Group Inc (NYSE:WEC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 320 shares of the utilities provider’s stock, valued at approximately $29,000.

Several other hedge funds also recently modified their holdings of WEC. BlackRock Inc. boosted its stake in WEC Energy Group by 2.0% during the second quarter. BlackRock Inc. now owns 28,158,196 shares of the utilities provider’s stock worth $2,347,547,000 after acquiring an additional 550,839 shares in the last quarter. State Street Corp lifted its stake in shares of WEC Energy Group by 1.8% in the third quarter. State Street Corp now owns 16,914,958 shares of the utilities provider’s stock worth $1,608,613,000 after buying an additional 299,918 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of WEC Energy Group by 9.0% in the third quarter. California Public Employees Retirement System now owns 2,564,418 shares of the utilities provider’s stock worth $243,876,000 after buying an additional 212,488 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of WEC Energy Group by 8.7% in the third quarter. Pictet Asset Management Ltd. now owns 2,251,754 shares of the utilities provider’s stock worth $214,142,000 after buying an additional 181,076 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of WEC Energy Group by 8.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,479,395 shares of the utilities provider’s stock worth $140,690,000 after buying an additional 110,198 shares in the last quarter. Institutional investors own 76.90% of the company’s stock.

Shares of WEC Energy Group stock opened at $99.22 on Monday. The company has a market cap of $31.22 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 4.28 and a beta of -0.01. The company’s 50 day moving average is $92.41 and its 200 day moving average is $91.24. WEC Energy Group Inc has a twelve month low of $69.76 and a twelve month high of $99.70. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 1.07.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. WEC Energy Group had a net margin of 14.32% and a return on equity of 10.91%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that WEC Energy Group Inc will post 3.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.6325 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.59. This represents a $2.53 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, February 13th. WEC Energy Group’s dividend payout ratio is currently 70.66%.

Several research analysts have recently issued reports on the stock. Argus reiterated a “buy” rating on shares of WEC Energy Group in a research note on Tuesday, January 14th. ValuEngine downgraded shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup upped their target price on shares of WEC Energy Group from $93.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Credit Suisse Group dropped their target price on shares of WEC Energy Group from $85.00 to $81.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of WEC Energy Group in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $99.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $87.55.

In other WEC Energy Group news, Director Barbara L. Bowles sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.07, for a total transaction of $88,070.00. 0.75% of the stock is currently owned by corporate insiders.

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.

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

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