Phillips Wealth Planners LLC Has $401,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Phillips Wealth Planners LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 25.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,062 shares of the utilities provider’s stock after purchasing an additional 820 shares during the period. Phillips Wealth Planners LLC’s holdings in WEC Energy Group were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Global X Japan Co. Ltd. increased its stake in WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after buying an additional 118 shares during the period. Olistico Wealth LLC purchased a new position in shares of WEC Energy Group during the 2nd quarter valued at $29,000. William B. Walkup & Associates Inc. acquired a new position in shares of WEC Energy Group in the second quarter worth $31,000. FinTrust Capital Advisors LLC raised its holdings in shares of WEC Energy Group by 52.6% during the first quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in WEC Energy Group during the second quarter valued at $36,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anthony Reese sold 1,362 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the sale, the vice president now owns 1,462 shares of the company’s stock, valued at approximately $129,796.36. This represents a 0.00 % decrease in their position. 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. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $95.57 on Friday. The firm has a fifty day moving average price of $95.55 and a two-hundred day moving average price of $87.18. 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 0.65 and a quick ratio of 0.54. The company has a market cap of $30.21 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a $0.835 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.49%. WEC Energy Group’s dividend payout ratio is 81.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WEC shares. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday. Barclays raised 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. BMO Capital Markets upped their price target on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. KeyCorp increased their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Bank of America upped 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.45.

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.