Golden State Equity Partners increased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 424.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,890 shares of the utilities provider's stock after acquiring an additional 3,148 shares during the quarter. Golden State Equity Partners' holdings in WEC Energy Group were worth $366,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Journey Strategic Wealth LLC boosted its position in shares of WEC Energy Group by 15.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 4,063 shares of the utilities provider's stock valued at $382,000 after acquiring an additional 542 shares during the period. DAVENPORT & Co LLC lifted its position in WEC Energy Group by 4.8% during the fourth quarter. DAVENPORT & Co LLC now owns 23,045 shares of the utilities provider's stock valued at $2,167,000 after purchasing an additional 1,064 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in WEC Energy Group by 6.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,145 shares of the utilities provider's stock valued at $766,000 after purchasing an additional 466 shares during the last quarter. Blossom Wealth Management lifted its position in WEC Energy Group by 2.8% during the fourth quarter. Blossom Wealth Management now owns 6,644 shares of the utilities provider's stock valued at $625,000 after purchasing an additional 181 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position in WEC Energy Group by 7.5% during the fourth quarter. N.E.W. Advisory Services LLC now owns 38,019 shares of the utilities provider's stock valued at $3,575,000 after purchasing an additional 2,659 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.
Shares of NYSE WEC opened at $100.62 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $102.79. The firm's fifty day moving average is $96.68 and its 200 day moving average is $94.64. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.50 and a beta of 0.48.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, February 14th. WEC Energy Group's payout ratio is 87.29%.
Several equities research analysts have issued reports on WEC shares. Scotiabank lifted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. BMO Capital Markets lifted their target price on shares of WEC Energy Group from $97.00 to $104.00 and gave the company a "market perform" rating in a research report on Monday, December 2nd. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp lifted their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $100.00.
Get Our Latest Stock Analysis on WEC
In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company's stock, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the transaction, the director now directly owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock valued at $4,866,579 over the last three months. 0.34% of the stock is owned by company insiders.
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.
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