International Assets Investment Management LLC Purchases 300,574 Shares of WEC Energy Group, Inc. (NYSE:WEC)

International Assets Investment Management LLC lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 10,220.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 303,515 shares of the utilities provider’s stock after acquiring an additional 300,574 shares during the quarter. International Assets Investment Management LLC owned approximately 0.10% of WEC Energy Group worth $29,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its stake 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 purchasing an additional 118 shares during the period. Olistico Wealth LLC bought a new position in WEC Energy Group in the 2nd quarter worth about $29,000. William B. Walkup & Associates Inc. bought a new position in WEC Energy Group in the 2nd quarter worth about $31,000. FinTrust Capital Advisors LLC boosted its stake in WEC Energy Group by 52.6% in 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. Finally, Triad Wealth Partners LLC bought a new position in WEC Energy Group in the 2nd quarter worth about $36,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $97.00 on Tuesday. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 2.50 and a beta of 0.44. 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, Inc. has a 1-year low of $75.13 and a 1-year high of $100.31. The stock’s 50-day moving average is $95.26 and its 200 day moving average is $86.83.

WEC Energy Group (NYSE:WEC) last announced 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. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. WEC Energy Group’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be paid a $0.835 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.44%. WEC Energy Group’s dividend payout ratio (DPR) is currently 77.14%.

Analyst Ratings Changes

WEC has been the subject of several analyst reports. Bank of America raised their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company raised their price target on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays raised their price target on WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a report on Monday, October 7th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, KeyCorp raised their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Four equities research 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 MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $94.45.

Insiders Place Their Bets

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares of the company’s stock, valued at $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 available at the SEC website. In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares of the company’s stock, valued at $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 available at the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 0.44% of the company’s stock.

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.