Gladwyn Financial Advisors Inc. Acquires Shares of 1,666 WEC Energy Group, Inc. $WEC

Gladwyn Financial Advisors Inc. acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,666 shares of the utilities provider’s stock, valued at approximately $174,000.

Several other large investors have also recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in WEC Energy Group in the 2nd quarter valued at approximately $1,219,000. Spirit of America Management Corp NY increased its stake in WEC Energy Group by 1.4% in the 2nd quarter. Spirit of America Management Corp NY now owns 17,700 shares of the utilities provider’s stock valued at $1,844,000 after buying an additional 250 shares during the period. Stanley Laman Group Ltd. increased its stake in WEC Energy Group by 15.8% in the 2nd quarter. Stanley Laman Group Ltd. now owns 2,735 shares of the utilities provider’s stock valued at $285,000 after buying an additional 373 shares during the period. Ariston Services Group increased its stake in WEC Energy Group by 8.0% in the 2nd quarter. Ariston Services Group now owns 2,401 shares of the utilities provider’s stock valued at $250,000 after buying an additional 178 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of WEC Energy Group by 1.2% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 170,287 shares of the utilities provider’s stock worth $17,744,000 after purchasing an additional 1,979 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $116.84 on Friday. WEC Energy Group, Inc. has a 1 year low of $91.94 and a 1 year high of $118.10. The firm’s fifty day simple moving average is $110.54 and its 200 day simple moving average is $107.96. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $37.61 billion, a PE ratio of 22.38, a PEG ratio of 3.29 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) 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. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued 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 yield of 3.1%. WEC Energy Group’s dividend payout ratio is 68.39%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,620 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $111.00, for a total value of $179,820.00. Following the completion of the sale, the director directly owned 20,360 shares of the company’s stock, valued at $2,259,960. This represents a 7.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Krueger sold 5,930 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares of the company’s stock, valued at approximately $734,190.84. This trade represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WEC. KeyCorp increased their price target on shares of WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group increased their price target on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Scotiabank increased their price target on shares of WEC Energy Group from $115.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group lowered shares of 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 research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has a consensus 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.