Atria Wealth Solutions Inc. Has $872,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Atria Wealth Solutions Inc. boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 265.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,361 shares of the utilities provider’s stock after purchasing an additional 7,522 shares during the period. Atria Wealth Solutions Inc.’s holdings in WEC Energy Group were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of WEC Energy Group by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 155,537 shares of the utilities provider’s stock worth $12,529,000 after purchasing an additional 4,097 shares in the last quarter. Xponance Inc. raised its position in WEC Energy Group by 2.2% during the third quarter. Xponance Inc. now owns 39,331 shares of the utilities provider’s stock worth $3,168,000 after acquiring an additional 832 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in WEC Energy Group by 3.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 317,154 shares of the utilities provider’s stock valued at $25,547,000 after acquiring an additional 11,865 shares during the last quarter. Independent Advisor Alliance grew its position in shares of WEC Energy Group by 47.8% in the 3rd quarter. Independent Advisor Alliance now owns 19,349 shares of the utilities provider’s stock valued at $1,559,000 after acquiring an additional 6,260 shares during the period. Finally, Forsta AP Fonden increased its stake in shares of WEC Energy Group by 1.6% during the 3rd quarter. Forsta AP Fonden now owns 69,600 shares of the utilities provider’s stock worth $5,606,000 after purchasing an additional 1,100 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on WEC shares. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Wells Fargo & Company reduced their price objective on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Royal Bank of Canada dropped their price objective on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Barclays reduced their target price on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Finally, KeyCorp upped their price target on shares of WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $86.29.

Insider Activity at WEC Energy Group

In related news, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.69, for a total value of $2,925,694.20. Following the completion of the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the transaction, the chief executive officer now owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gale E. Klappa sold 37,180 shares of WEC Energy Group stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $83.22 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.40 and a current ratio of 0.55. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $96.17. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.88 and a beta of 0.40. The stock has a fifty day moving average price of $80.60 and a 200-day moving average price of $81.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $1.61 earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be paid a $0.835 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.01%. WEC Energy Group’s payout ratio is currently 72.93%.

WEC Energy Group Company 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.