WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 32.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,871 shares of the utilities provider’s stock after selling 10,213 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in WEC Energy Group were worth $2,007,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in shares of WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 118 shares in the last quarter. Olistico Wealth LLC purchased a new stake in WEC Energy Group in the second quarter valued at approximately $29,000. William B. Walkup & Associates Inc. purchased a new stake in WEC Energy Group in the second quarter valued at approximately $31,000. ESL Trust Services LLC purchased a new stake in WEC Energy Group in the first quarter valued at approximately $37,000. Finally, Triad Wealth Partners LLC purchased a new stake in WEC Energy Group in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In related news, VP William J. Guc sold 6,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP William J. Guc sold 6,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the stock in a transaction on Friday, August 30th. The shares were 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 approximately $340,712.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America upped their target price on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price on the stock. KeyCorp upped their target price on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Scotiabank upped their price objective 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Trading Up 2.4 %

Shares of NYSE:WEC opened at $97.59 on Friday. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The firm has a market capitalization of $30.87 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.47 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The business’s 50 day moving average price is $95.87 and its 200-day moving average price is $87.73.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $1.00 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders 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 dividend yield of 3.42%. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

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.