Janus Henderson Group PLC Has $3.61 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Janus Henderson Group PLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,574 shares of the utilities provider’s stock after selling 5,500 shares during the quarter. Janus Henderson Group PLC’s holdings in WEC Energy Group were worth $3,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Coastline Trust Co bought a new stake in shares of WEC Energy Group in the third quarter valued at approximately $29,000. Global X Japan Co. Ltd. increased its holdings in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 118 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in WEC Energy Group in the second quarter valued at $31,000. Triad Wealth Partners LLC acquired a new stake in WEC Energy Group in the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in WEC Energy Group during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $95.61 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $30.25 billion, a PE ratio of 23.61, a P/E/G ratio of 2.63 and a beta of 0.46. The firm has a fifty day simple moving average of $97.70 and a two-hundred day simple moving average of $90.20. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $102.79.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts expect that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.8925 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.57 annualized dividend and a dividend yield of 3.73%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. WEC Energy Group’s payout ratio is currently 81.66%.

Insider Activity at WEC Energy Group

In related news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares in the company, valued at $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the transaction, the director now owns 273,248 shares in the company, valued at $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock worth $4,866,579 over the last 90 days. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Scotiabank raised their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Bank of America lifted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $96.18.

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.