Kowal Investment Group LLC Has $3.17 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Kowal Investment Group LLC boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,362 shares of the utilities provider’s stock after acquiring an additional 317 shares during the quarter. WEC Energy Group accounts for about 0.6% of Kowal Investment Group LLC’s investment portfolio, making the stock its 23rd largest holding. Kowal Investment Group LLC’s holdings in WEC Energy Group were worth $3,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its position in shares of WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 117 shares during the period. Global X Japan Co. Ltd. boosted its holdings in WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 118 shares during the period. Diversified Trust Co grew its position 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 last quarter. MPS Loria Financial Planners LLC grew its position in WEC Energy Group by 2.1% in 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 during the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 142 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WEC. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. KeyCorp raised their price objective on WEC Energy Group from $95.00 to $98.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Jefferies Financial Group initiated coverage on WEC Energy Group in a research note on Thursday. They issued a “hold” rating and a $102.00 target price for the company. Finally, Scotiabank lifted 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 note on Tuesday, August 20th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus target price of $91.31.

WEC Energy Group Stock Up 1.0 %

WEC opened at $94.72 on Friday. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $96.65. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.47 and a beta of 0.44. The firm’s 50-day simple moving average is $89.76 and its 200-day simple moving average is $83.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share 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 company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Wednesday, August 14th. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Insider Transactions at WEC Energy Group

In related news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the transaction, the vice president now directly owns 2,377 shares of the company’s stock, valued at $213,335.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the transaction, the vice president now directly owns 1,462 shares of the company’s stock, valued at $129,796.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,702 shares of company stock worth $1,078,058. Insiders own 0.34% of the company’s stock.

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.