Sequoia Financial Advisors LLC Acquires 799 Shares of WEC Energy Group, Inc. $WEC

Sequoia Financial Advisors LLC lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,224 shares of the utilities provider’s stock after acquiring an additional 799 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in WEC Energy Group were worth $753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Manchester Capital Management LLC boosted its stake in shares of WEC Energy Group by 14.3% during the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 93 shares during the period. Liberty Capital Management Inc. boosted its stake in shares of WEC Energy Group by 3.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 97 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in WEC Energy Group by 3.0% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 98 shares during the last quarter. Callan Capital LLC lifted its holdings in WEC Energy Group by 2.7% during the 1st quarter. Callan Capital LLC now owns 3,845 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in WEC Energy Group by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the utilities provider’s stock worth $1,864,000 after purchasing an additional 100 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 35,000 shares of WEC Energy Group stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.73, for a total value of $3,875,550.00. Following the transaction, the director owned 274,969 shares in the company, valued at approximately $30,447,317.37. This trade represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anthony Reese sold 4,177 shares of WEC Energy Group stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.30, for a total value of $460,723.10. Following the completion of the transaction, the vice president owned 1,757 shares in the company, valued at approximately $193,797.10. The trade was a 70.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is owned by company insiders.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $116.84 on Friday. The stock’s fifty day moving average price is $110.54 and its two-hundred day moving average price is $107.96. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a market cap of $37.61 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The firm had revenue of $2.28 billion for the quarter. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm 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 is Friday, November 14th. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.39%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cowen assumed coverage on WEC Energy Group in a report on Wednesday. They set a “hold” rating for the company. TD Cowen assumed coverage on WEC Energy Group in a report on Thursday. They set a “hold” rating and a $125.00 price target for the company. The Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $106.00 to $100.00 in a report on Wednesday, June 25th. Citigroup assumed coverage on WEC Energy Group in a report on Friday, October 3rd. They set a “buy” rating and a $131.00 price target for the company. Finally, UBS Group lifted their price target on WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.64.

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.