Callan Capital LLC Has $255,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Callan Capital LLC trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,035 shares of the utilities provider’s stock after selling 1,217 shares during the quarter. Callan Capital LLC’s holdings in WEC Energy Group were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEC. Tennessee Valley Asset Management Partners bought a new position in WEC Energy Group during the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $28,000. Fortitude Family Office LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $33,000. Authentikos Wealth Advisory LLC bought a new position in shares of WEC Energy Group during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $40,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.6 %

Shares of NYSE:WEC traded down $1.31 during midday trading on Friday, hitting $81.50. 1,945,636 shares of the stock traded hands, compared to its average volume of 2,126,661. The stock has a market capitalization of $25.71 billion, a PE ratio of 19.31, a P/E/G ratio of 2.86 and a beta of 0.40. The business’s 50 day moving average is $80.25 and its two-hundred day moving average is $81.43. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $97.34.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. WEC Energy Group’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, research analysts forecast that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Scott J. Lauber sold 2,830 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction that occurred 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 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. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WEC. Wells Fargo & Company lowered their price target on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. JPMorgan Chase & Co. downgraded WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $90.00 to $84.00 in a research report on Friday, February 2nd. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. KeyCorp upped their price objective on WEC Energy Group from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $78.00 target price (down previously from $84.00) on shares of WEC Energy Group in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $86.64.

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.