WEC Energy Group, Inc. (NYSE:WEC) Stake Reduced by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,873 shares of the utilities provider’s stock after selling 466 shares during the quarter. Blair William & Co. IL’s holdings in WEC Energy Group were worth $3,521,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WEC. Alley Investment Management Company LLC grew its stake in shares of WEC Energy Group by 324.5% in the fourth quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock worth $3,304,000 after purchasing an additional 30,009 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of WEC Energy Group by 34.0% in the fourth quarter. Advisory Services Network LLC now owns 37,561 shares of the utilities provider’s stock worth $3,162,000 after purchasing an additional 9,526 shares in the last quarter. Lantz Financial LLC grew its stake in shares of WEC Energy Group by 324.9% in the first quarter. Lantz Financial LLC now owns 28,454 shares of the utilities provider’s stock worth $2,337,000 after purchasing an additional 21,758 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of WEC Energy Group by 18.2% in the fourth quarter. Quadrature Capital Ltd now owns 38,980 shares of the utilities provider’s stock worth $3,282,000 after purchasing an additional 5,994 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in shares of WEC Energy Group by 789.0% in the first quarter. Brookstone Capital Management now owns 125,219 shares of the utilities provider’s stock worth $10,283,000 after purchasing an additional 111,134 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $88.45, for a total value of $66,337.50. Following the transaction, the director now directly owns 21,876 shares of the company’s stock, valued at approximately $1,934,932.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other WEC Energy Group news, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $88.45, for a total value of $66,337.50. Following the transaction, the director now directly owns 21,876 shares of the company’s stock, valued at approximately $1,934,932.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,702 shares of company stock valued at $1,078,058. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Scotiabank upped their price objective on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. KeyCorp upped their price objective on WEC Energy Group from $95.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays upped their price objective on WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Finally, StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.31.

WEC Energy Group Stock Up 1.0 %

WEC opened at $94.72 on Monday. The business has a 50-day moving average of $89.76 and a 200-day moving average of $83.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $96.65. The company has a market capitalization of $29.91 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business earned $0.92 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

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.