Diversify Advisory Services LLC Acquires New Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Diversify Advisory Services LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,003 shares of the utilities provider’s stock, valued at approximately $395,000.

Other large investors have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of WEC Energy Group by 7.0% in the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock valued at $6,193,000 after acquiring an additional 4,205 shares in the last quarter. Empowered Funds LLC raised its stake in shares of WEC Energy Group by 139.6% in the 1st quarter. Empowered Funds LLC now owns 30,792 shares of the utilities provider’s stock worth $2,529,000 after buying an additional 17,938 shares in the last quarter. Duality Advisers LP lifted its holdings in shares of WEC Energy Group by 69.8% in the first quarter. Duality Advisers LP now owns 54,659 shares of the utilities provider’s stock valued at $4,489,000 after buying an additional 22,478 shares during the period. Intech Investment Management LLC boosted its stake in WEC Energy Group by 335.4% during the first quarter. Intech Investment Management LLC now owns 54,090 shares of the utilities provider’s stock valued at $4,442,000 after buying an additional 41,668 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in WEC Energy Group by 20.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 423,718 shares of the utilities provider’s stock worth $34,796,000 after acquiring an additional 71,439 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 750 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the sale, the director now directly owns 21,876 shares of the company’s stock, valued at $1,934,932.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ulice Payne, Jr. sold 750 shares of the 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 transaction, the director now owns 21,876 shares in the company, valued at $1,934,932.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock worth $1,078,058 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Trading Down 0.6 %

NYSE:WEC opened at $95.48 on Friday. The stock has a market cap of $30.18 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. The stock’s 50-day moving average is $95.49 and its two-hundred day moving average is $87.07.

WEC Energy Group (NYSE:WEC) last released 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. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.50%. WEC Energy Group’s dividend payout ratio is 72.93%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WEC shares. Barclays upped their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 target price for the company. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Bank of America raised their price objective on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Finally, Scotiabank boosted their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $94.45.

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.