Yousif Capital Management LLC Sells 1,513 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Yousif Capital Management LLC decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,313 shares of the utilities provider’s stock after selling 1,513 shares during the quarter. Yousif Capital Management LLC’s holdings in WEC Energy Group were worth $4,403,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in WEC Energy Group in the 4th quarter valued at about $26,000. Valued Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $28,000. Fortitude Family Office LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $33,000. Authentikos Wealth Advisory LLC acquired a new stake in WEC Energy Group in the 3rd quarter valued at about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in WEC Energy Group in the 3rd quarter valued at about $38,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Down 1.6 %

NYSE WEC opened at $81.50 on Friday. 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, Inc. has a 1-year low of $75.13 and a 1-year high of $97.34. The company has a 50 day moving average of $80.25 and a 200-day moving average of $81.43. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.87 and a beta of 0.40.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.835 per share. The ex-dividend date is Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.10%. WEC Energy Group’s payout ratio is presently 79.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WEC shares. KeyCorp raised their target price on shares of WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Bank of America restated an “underperform” rating and set a $78.00 price objective (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. The Goldman Sachs Group started coverage on shares of WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective for the company. Scotiabank cut their price objective on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.64.

Insiders Place Their Bets

In related news, Chairman Gale E. Klappa sold 37,180 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were 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 of the company’s stock, valued at $21,622,595.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Scott J. Lauber sold 2,830 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gale E. Klappa sold 37,180 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the completion of the transaction, the chairman now owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

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.