WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC lessened its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,335 shares of the utilities provider’s stock after selling 1,595 shares during the period. My Legacy Advisors LLC’s holdings in WEC Energy Group were worth $609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. raised its position in shares of WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares in the last quarter. Olistico Wealth LLC purchased a new stake in WEC Energy Group during the 2nd quarter worth about $29,000. William B. Walkup & Associates Inc. purchased a new position in shares of WEC Energy Group during the second quarter valued at approximately $31,000. FinTrust Capital Advisors LLC lifted its stake in shares of WEC Energy Group by 52.6% during 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, ESL Trust Services LLC purchased a new stake in WEC Energy Group in the 1st quarter valued at about $37,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Down 0.6 %

WEC stock traded down $0.64 during midday trading on Tuesday, hitting $98.79. 666,333 shares of the company’s stock were exchanged, compared to its average volume of 2,145,063. The stock has a market capitalization of $31.20 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.57 and a beta of 0.44. The firm has a 50 day moving average price of $94.40 and a 200-day moving average price of $86.20. 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 12-month low of $75.13 and a 12-month high of $100.31.

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 the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.38%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Wall Street Analyst Weigh In

WEC has been the topic of several research reports. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Bank of America increased their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, KeyCorp increased 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. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.45.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 750 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the transaction, the director now owns 21,876 shares of the company’s stock, valued at approximately $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 transaction of $66,337.50. Following the sale, the director now owns 21,876 shares of the company’s stock, valued at approximately $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the 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 of the company’s stock, 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 sold a total of 11,702 shares of company stock worth $1,078,058 in the last three months. 0.34% of the stock is owned by insiders.

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.