WEC Energy Group, Inc. (NYSE:WEC) Stake Raised by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,047 shares of the utilities provider’s stock after purchasing an additional 117 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in WEC Energy Group were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WEC. Global X Japan Co. Ltd. lifted its stake in WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Diversified Trust Co boosted its stake in WEC Energy Group by 2.7% in the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 134 shares during the period. MPS Loria Financial Planners LLC grew its position in WEC Energy Group by 2.1% during the 1st quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 135 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of WEC Energy Group by 52.6% in the first quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of WEC Energy Group by 2.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,876 shares of the utilities provider’s stock worth $554,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $93.78 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $89.48 and a 200-day simple moving average of $83.82. The stock has a market capitalization of $29.62 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.47 and a beta of 0.44. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $96.65.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Wednesday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 72.93%.

Insider Buying and Selling at WEC Energy Group

In other news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the transaction, the vice president now directly owns 3,662 shares in the company, valued at $340,712.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the sale, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock valued at $1,078,058 in the last 90 days. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on WEC Energy Group from $80.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Scotiabank increased their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America boosted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. BMO Capital Markets raised their price target on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price target on WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $91.31.

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.