HM Payson & Co. Has $896,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

HM Payson & Co. trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,913 shares of the utilities provider’s stock after selling 301 shares during the period. HM Payson & Co.’s holdings in WEC Energy Group were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Trust Point Inc. purchased a new position in WEC Energy Group in the fourth quarter valued at about $805,000. Private Trust Co. NA grew its stake in WEC Energy Group by 9.0% in the fourth quarter. Private Trust Co. NA now owns 4,368 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 361 shares in the last quarter. International Assets Investment Management LLC grew its stake in WEC Energy Group by 8,801.5% in the fourth quarter. International Assets Investment Management LLC now owns 261,793 shares of the utilities provider’s stock valued at $22,035,000 after purchasing an additional 258,852 shares in the last quarter. Park Place Capital Corp grew its stake in WEC Energy Group by 207.3% in the fourth quarter. Park Place Capital Corp now owns 4,978 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 3,358 shares in the last quarter. Finally, Allworth Financial LP grew its stake in WEC Energy Group by 10.3% in the fourth quarter. Allworth Financial LP now owns 14,293 shares of the utilities provider’s stock valued at $1,203,000 after purchasing an additional 1,340 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

NYSE:WEC traded up $1.44 during mid-day trading on Friday, hitting $90.16. 5,997,032 shares of the company’s stock traded hands, compared to its average volume of 2,155,113. The firm has a 50 day moving average of $80.49 and a two-hundred day moving average of $80.65. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $92.23. The firm has a market capitalization of $28.50 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts forecast that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.34 annualized dividend and a yield of 3.70%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of recent research reports. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday. KeyCorp decreased their price target on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. BMO Capital Markets upped their price target on WEC Energy Group from $87.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday. The Goldman Sachs Group initiated coverage on WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target for the company. Finally, Barclays upped their price target on WEC Energy Group from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.85.

About WEC Energy Group

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.