Ropes Wealth Advisors LLC Purchases 2,918 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Financial Advisors


Ropes Wealth Advisors LLC purchased new shares in WEC Energy Group, Inc. (NYSE: WEC – Get Rating) in the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission. The company purchased 2,918 shares of utility company stock worth approximately $274,000.

Several other institutional investors have also recently bought and sold shares. Advisors Capital Management LLC increased his WEC Energy Group stake by 2.3% in the third quarter. Advisors Capital Management LLC owns 4,799 shares of utility company stock valued at $444,000 after purchasing an additional 108 shares during this period. Kentucky Retirement Systems increased his position in WEC Energy Group by 0.4% in the fourth quarter. Kentucky Retirement Systems owns 24,800 shares of utility company stock valued at $2,325,000 after purchasing an additional 108 shares during this period. Capital Advisors Inc. OK raised a 3.1% stake in WEC Energy Group in the fourth quarter. Capital Advisors Inc. OK now owns 3,739 shares of utility company stock valued at $351,000 after purchasing an additional 111 shares last quarter. Mission Wealth Management LP increased its position in WEC Energy Group by 2.4% in the fourth quarter. Mission Wealth Management LP owns 4,896 shares of the utility company valued at $459,000 after purchasing an additional 113 shares last quarter. Finally, Moisand Fitzgerald Tamayo LLC increased its WEC Energy Group stake by 1.2% in the third quarter. Moisand Fitzgerald Tamayo LLC owns 10,159 shares of utility company stock valued at $909,000 after acquiring an additional 121 shares in the previous quarter. Institutional investors own 74.05% of the company’s shares.

WEC Energy Group share price rises 0.8%

WEC Energy Group shares opened at $96.53 on Friday. The company has a market capitalization of $30.45 billion, a price/earnings ratio of 21.64, a price/earnings ratio of 3.62 and a beta of 0.40. WEC Energy Group, Inc. has a 52-week low of $80.82 and a 52-week high of $108.39. The stock has a 50-day moving average of $93.61 and a 200-day moving average of $93.30. The company has an equity ratio of 1.27, a quick ratio of 0.52 and a current ratio of 0.69.

WEC Energy Group (NYSE: WEC – Get Rating) last reported quarterly results on Thursday, Feb. 2. The utility provider reported earnings of $0.80 per share for the quarter, beating analyst consensus expectations of $0.75 by $0.05. The company’s quarterly earnings were $2.56 billion, while analyst estimates put him at $2.01 billion. WEC Energy Group’s return on equity was 12.24% and net profit margin was 14.68%. Business revenue for the quarter increased by 16.2% compared to the same period last year. In the same quarter last year, the company posted his EPS of $0.71. Analysts expect WEC Energy Group, Inc.’s EPS to reach 4.6 this year.

WEC Energy Group Announces Dividend

The company recently announced a quarterly dividend payable on Thursday, June 1st. Shareholders of record on Friday, May 12 will receive a dividend of $0.78. This represents his $3.12 dividend and his 3.23% yield on an annualized basis. The ex-dividend date is Thursday, May 11. WEC Energy Group has a Dividend Payout Ratio (DPR) of 69.96%.

Analyst upgrades and downgrades

Several research firms participate in WEC. StockNews.com featured his WEC Energy Group in a research note on Thursday, March 16th. They put a “Hold” rating on the stock. JPMorgan Chase & Co. raised its price target on WEC Energy Group shares from $99.00 to $105.00, giving the company a “neutral” rating in its research notes on Wednesday, April 19. Finally, Wells Fargo & Company lowered its price target for WEC Energy Group from $109.00 to $106.00, giving the company an “overweight” rating in its research report on Friday, February 3rd. One investment analyst evaluated the stock with a sell rating, four issued a hold rating, and three assigned a buy rating to the company. According to MarketBeat, the company’s current average valuation is “pending” with a consensus target price of $99.40.

About WEC Energy Group

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WEC Energy Group, Inc is a holding company engaged in the generation and distribution of electric power and natural gas. It operates through Wisconsin, Illinois, Other State, Transmission, Non-Utility Energy Infrastructure, Corporate and Other segments. The Wisconsin segment refers to the electric and gas utility business.

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WEC Energy Group (NYSE:WEC) Quarterly Institutional Ownership

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