Cordatus Wealth Management LLC Raises Position in WEC Energy Group Inc (WEC)

Cordatus Wealth Management LLC grew its position in shares of WEC Energy Group Inc (NYSE:WEC) by 7.8% in the 1st quarter, Holdings Channel reports. The firm owned 8,816 shares of the utilities provider’s stock after acquiring an additional 641 shares during the quarter. Cordatus Wealth Management LLC’s holdings in WEC Energy Group were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cox Capital Mgt LLC raised its holdings in WEC Energy Group by 2.7% during the 4th quarter. Cox Capital Mgt LLC now owns 5,502 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 143 shares during the last quarter. 1ST Source Bank raised its holdings in WEC Energy Group by 3.6% during the 1st quarter. 1ST Source Bank now owns 4,138 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 144 shares during the last quarter. Somerset Trust Co raised its holdings in WEC Energy Group by 0.6% during the 1st quarter. Somerset Trust Co now owns 26,688 shares of the utilities provider’s stock worth $2,111,000 after purchasing an additional 168 shares during the last quarter. IHT Wealth Management LLC raised its holdings in WEC Energy Group by 3.0% during the 4th quarter. IHT Wealth Management LLC now owns 5,802 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 170 shares during the last quarter. Finally, Gofen & Glossberg LLC IL raised its holdings in WEC Energy Group by 0.4% during the 1st quarter. Gofen & Glossberg LLC IL now owns 42,889 shares of the utilities provider’s stock worth $3,392,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

In related news, insider Gale E. Klappa sold 49,526 shares of WEC Energy Group stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $74.94, for a total value of $3,711,478.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara L. Bowles sold 2,000 shares of WEC Energy Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $78.35, for a total transaction of $156,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 350,899 shares of company stock valued at $26,491,087. Insiders own 0.75% of the company’s stock.



Shares of WEC stock opened at $79.52 on Thursday. The company has a market cap of $24.99 billion, a PE ratio of 23.81, a P/E/G ratio of 5.04 and a beta of 0.16. WEC Energy Group Inc has a 52 week low of $58.48 and a 52 week high of $80.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.51.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.25 by $0.08. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.41 billion. WEC Energy Group had a net margin of 13.81% and a return on equity of 10.87%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. On average, sell-side analysts expect that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, May 13th. WEC Energy Group’s dividend payout ratio (DPR) is 70.66%.

Several research firms have issued reports on WEC. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Goldman Sachs Group downgraded shares of WEC Energy Group from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $71.00 to $70.00 in a research report on Monday, April 8th. Wolfe Research set a $77.00 price objective on shares of WEC Energy Group and gave the stock a “sell” rating in a research report on Friday, April 26th. Argus raised their price objective on shares of WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Scotiabank downgraded shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $76.00 to $78.00 in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $74.33.

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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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