WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by Blue Barn Wealth LLC

Blue Barn Wealth LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,345 shares of the utilities provider’s stock after buying an additional 303 shares during the period. Blue Barn Wealth LLC’s holdings in WEC Energy Group were worth $341,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in WEC Energy Group during the fourth quarter valued at approximately $983,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in WEC Energy Group by 6.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock worth $27,391,000 after purchasing an additional 19,867 shares during the last quarter. Alley Investment Management Company LLC boosted its holdings in WEC Energy Group by 324.5% in the fourth quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock worth $3,304,000 after purchasing an additional 30,009 shares during the period. Advisory Services Network LLC increased its stake in WEC Energy Group by 34.0% during the fourth quarter. Advisory Services Network LLC now owns 37,561 shares of the utilities provider’s stock valued at $3,162,000 after purchasing an additional 9,526 shares during the last quarter. Finally, Lantz Financial LLC raised its holdings in shares of WEC Energy Group by 324.9% during the first quarter. Lantz Financial LLC now owns 28,454 shares of the utilities provider’s stock worth $2,337,000 after purchasing an additional 21,758 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now owns 2,377 shares of the company’s stock, valued at $213,335.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the transaction, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the transaction, the vice president now owns 1,462 shares in the company, valued at approximately $129,796.36. The disclosure for this sale can be found here. Insiders have sold a total of 11,702 shares of company stock worth $1,078,058 in the last 90 days. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Up 0.1 %

NYSE WEC opened at $94.68 on Friday. The company has a market capitalization of $29.93 billion, a P/E ratio of 20.67, a PEG ratio of 2.43 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $95.41. 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 company’s 50 day simple moving average is $86.10 and its 200 day simple moving average is $82.63.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping 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 business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 14th were issued a $0.835 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.53%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WEC. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. BMO Capital Markets increased their target price on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. KeyCorp reduced their price target on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Bank of America increased their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.77.

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.