Venture Visionary Partners LLC Raises Position in WEC Energy Group, Inc. (NYSE:WEC)

Venture Visionary Partners LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WECGet Rating) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,155 shares of the utilities provider’s stock after purchasing an additional 373 shares during the period. Venture Visionary Partners LLC’s holdings in WEC Energy Group were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Nordea Investment Management AB grew its stake in shares of WEC Energy Group by 100.0% during the third quarter. Nordea Investment Management AB now owns 40,230 shares of the utilities provider’s stock valued at $3,574,000 after buying an additional 20,115 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of WEC Energy Group by 2.0% during the third quarter. AE Wealth Management LLC now owns 11,891 shares of the utilities provider’s stock valued at $1,049,000 after buying an additional 234 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of WEC Energy Group by 6.7% during the third quarter. Kovack Advisors Inc. now owns 4,596 shares of the utilities provider’s stock valued at $405,000 after buying an additional 290 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of WEC Energy Group by 2.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 133,300 shares of the utilities provider’s stock valued at $11,757,000 after buying an additional 3,500 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in WEC Energy Group by 9.5% in the third quarter. Van ECK Associates Corp now owns 52,918 shares of the utilities provider’s stock worth $4,667,000 after purchasing an additional 4,570 shares in the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

WEC has been the topic of several research analyst reports. Evercore ISI reissued a “hold” rating and issued a $97.00 price objective on shares of WEC Energy Group in a research note on Friday, February 4th. Credit Suisse Group initiated coverage on WEC Energy Group in a research note on Monday. They issued a “neutral” rating and a $108.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and issued a $98.00 price objective on shares of WEC Energy Group in a research note on Friday, February 4th. The Goldman Sachs Group raised WEC Energy Group from a “sell” rating to a “neutral” rating and set a $99.00 price objective on the stock in a research note on Thursday, January 13th. Finally, StockNews.com began coverage on WEC Energy Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.00.

Shares of WEC traded up $0.15 during midday trading on Thursday, hitting $102.78. 1,323,857 shares of the company’s stock traded hands, compared to its average volume of 1,514,155. WEC Energy Group, Inc. has a 1 year low of $86.84 and a 1 year high of $106.82. The firm’s fifty day moving average is $97.51 and its 200-day moving average is $94.44. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 4.04 and a beta of 0.29.

WEC Energy Group (NYSE:WECGet Rating) last issued its quarterly earnings data on Thursday, February 3rd. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. WEC Energy Group had a return on equity of 11.80% and a net margin of 15.64%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.7275 per share. The ex-dividend date is Thursday, May 12th. This represents a $2.91 annualized dividend and a dividend yield of 2.83%. WEC Energy Group’s dividend payout ratio is presently 70.80%.

WEC Energy Group Company Profile (Get Rating)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable 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.

Featured Stories

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WECGet Rating).

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

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.