Massmutual Trust Co. FSB ADV Buys 468 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Massmutual Trust Co. FSB ADV lifted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,477 shares of the utilities provider’s stock after acquiring an additional 468 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in WEC Energy Group were worth $203,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northwest Bank & Trust Co bought a new position in shares of WEC Energy Group in the fourth quarter worth $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of WEC Energy Group in the fourth quarter worth $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group in the fourth quarter worth $28,000. First United Bank & Trust purchased a new stake in shares of WEC Energy Group in the fourth quarter worth $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of WEC Energy Group in the fourth quarter worth $33,000. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on WEC Energy Group from $89.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Scotiabank lowered their price objective on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. KeyCorp raised their price target on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, The Goldman Sachs Group started coverage on WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $85.92.

WEC Energy Group Stock Up 1.6 %

WEC opened at $79.26 on Friday. The company has a market cap of $25.03 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.02 and a beta of 0.42. The business’s 50-day moving average price is $81.54 and its 200-day moving average price is $81.34. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 1.24. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $93.37.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, equities analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were issued a $0.835 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.34 annualized dividend and a dividend yield of 4.21%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

WEC Energy Group Profile

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.