Nisa Investment Advisors LLC Has $21.83 Million Stake in WEC Energy Group, Inc. $WEC

Nisa Investment Advisors LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,518 shares of the utilities provider’s stock after purchasing an additional 366 shares during the period. Nisa Investment Advisors LLC’s holdings in WEC Energy Group were worth $21,832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Horizon Investment Services LLC acquired a new position in WEC Energy Group in the first quarter valued at about $379,000. Los Angeles Capital Management LLC boosted its holdings in shares of WEC Energy Group by 2,964.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 108,651 shares of the utilities provider’s stock worth $11,841,000 after acquiring an additional 105,106 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of WEC Energy Group in the 1st quarter worth approximately $10,333,000. DAVENPORT & Co LLC boosted its holdings in shares of WEC Energy Group by 55.0% in the 1st quarter. DAVENPORT & Co LLC now owns 35,710 shares of the utilities provider’s stock worth $3,892,000 after acquiring an additional 12,665 shares in the last quarter. Finally, OLD Republic International Corp boosted its holdings in shares of WEC Energy Group by 1.2% in the 1st quarter. OLD Republic International Corp now owns 336,279 shares of the utilities provider’s stock worth $36,648,000 after acquiring an additional 3,948 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $115.83 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a 1 year low of $91.94 and a 1 year high of $118.18. The company has a market cap of $37.28 billion, a PE ratio of 22.19, a PEG ratio of 3.27 and a beta of 0.47. The company’s 50-day moving average is $111.32 and its two-hundred day moving average is $108.42.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business had revenue of $2.28 billion for the quarter. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.8925 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.1%. WEC Energy Group’s dividend payout ratio is 68.39%.

Analyst Ratings Changes

A number of equities analysts have commented on WEC shares. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Cowen assumed coverage on shares of WEC Energy Group in a research report on Wednesday, October 15th. They set a “hold” rating on the stock. BMO Capital Markets upped their target price on shares of WEC Energy Group from $114.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 21st. Finally, KeyCorp upped their target price on shares of WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $118.83.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 5,930 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the transaction, the executive vice president owned 6,606 shares of the company’s stock, valued at approximately $734,190.84. This represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anthony Reese sold 4,177 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.30, for a total transaction of $460,723.10. Following the completion of the sale, the vice president owned 1,757 shares in the company, valued at $193,797.10. This represents a 70.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock worth $7,581,132 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

About WEC Energy Group

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.