WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its position in WEC Energy Group, Inc. (NYSE:WEC) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,248 shares of the utilities provider’s stock after purchasing an additional 111 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in WEC Energy Group were worth $216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT increased its stake 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 purchasing an additional 117 shares during the period. Global X Japan Co. Ltd. grew 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 worth $25,000 after buying an additional 118 shares in the last quarter. Park National Corp OH increased its position in WEC Energy Group by 3.4% in the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 130 shares during the period. Diversified Trust Co raised its stake in WEC Energy Group by 2.7% during the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 134 shares in the last quarter. Finally, MPS Loria Financial Planners LLC boosted 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 acquiring an additional 135 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the transaction, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was 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 worth $1,078,058 over the last quarter. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays raised their target price on shares of WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Bank of America increased their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Finally, BMO Capital Markets lifted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus price target of $92.67.

WEC Energy Group Price Performance

NYSE WEC opened at $95.48 on Friday. The company has a market cap of $30.15 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.48 and a beta of 0.44. The company has a fifty day simple moving average of $92.45 and a 200 day simple moving average of $84.95. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $97.08. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (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 business 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 company posted $0.92 earnings per share. WEC Energy Group’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders 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 3.50%. The ex-dividend date was Wednesday, August 14th. WEC Energy Group’s dividend payout ratio is 72.93%.

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.