Oliver Lagore Vanvalin Investment Group Has $49,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Oliver Lagore Vanvalin Investment Group increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 377.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 578 shares of the utilities provider’s stock after purchasing an additional 457 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in WEC Energy Group were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of WEC Energy Group by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 6,805,548 shares of the utilities provider’s stock worth $643,696,000 after purchasing an additional 69,710 shares during the last quarter. Deutsche Bank AG lifted its position in shares of WEC Energy Group by 3.0% during the 3rd quarter. Deutsche Bank AG now owns 5,495,925 shares of the utilities provider’s stock worth $442,697,000 after purchasing an additional 158,652 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of WEC Energy Group by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,295,729 shares of the utilities provider’s stock worth $346,021,000 after purchasing an additional 142,412 shares during the last quarter. Invesco Ltd. lifted its position in shares of WEC Energy Group by 3.8% during the 3rd quarter. Invesco Ltd. now owns 4,216,264 shares of the utilities provider’s stock worth $339,620,000 after purchasing an additional 155,437 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of WEC Energy Group by 1.4% during the 3rd quarter. Morgan Stanley now owns 3,354,181 shares of the utilities provider’s stock worth $270,179,000 after purchasing an additional 44,797 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on WEC shares. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Bank of America reaffirmed an “underperform” rating and issued a $78.00 price target (down previously from $84.00) on shares of WEC Energy Group in a report on Thursday, January 4th. KeyCorp upped their price target on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. cut WEC Energy Group from a “neutral” rating to an “underweight” rating and cut their price target for the company from $90.00 to $84.00 in a report on Friday, February 2nd. Finally, Barclays cut their price target on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.38.

WEC Energy Group Trading Up 1.0 %

WEC stock opened at $80.44 on Friday. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $98.80. The firm has a market cap of $25.37 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.77 and a beta of 0.40. The business’s 50 day moving average is $79.70 and its 200-day moving average is $81.31. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.29.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.15%. WEC Energy Group’s dividend payout ratio (DPR) is presently 79.15%.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the sale, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

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.