2,170 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,170 shares of the utilities provider’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Sanibel Captiva Trust Company Inc. boosted its stake in WEC Energy Group by 40.1% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 4,133 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 1,182 shares in the last quarter. Marcum Wealth LLC raised its holdings in WEC Energy Group by 9.2% in the third quarter. Marcum Wealth LLC now owns 7,225 shares of the utilities provider’s stock worth $695,000 after buying an additional 607 shares during the last quarter. CWM LLC lifted its stake in shares of WEC Energy Group by 4.1% in the third quarter. CWM LLC now owns 17,553 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 693 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of WEC Energy Group during the third quarter valued at approximately $63,000. Finally, Country Trust Bank increased its position in shares of WEC Energy Group by 14.4% during the third quarter. Country Trust Bank now owns 324,761 shares of the utilities provider’s stock valued at $31,236,000 after acquiring an additional 40,841 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC stock traded down $0.10 during mid-day trading on Thursday, reaching $94.21. 675,878 shares of the company’s stock traded hands, compared to its average volume of 2,145,273. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $97.08. The firm has a 50 day moving average price of $92.99 and a two-hundred day moving average price of $85.25. The firm has a market capitalization of $29.75 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. 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 issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were given a $0.835 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.55%. WEC Energy Group’s payout ratio is currently 72.93%.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 350 shares of the company’s 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 owns 2,377 shares of the company’s stock, valued at $213,335.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the transaction, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,702 shares of company stock valued at $1,078,058 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

WEC has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st. BMO Capital Markets lifted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Scotiabank boosted their target price on 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 raised their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have given 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 an average price target of $93.73.

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.