WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its position in WEC Energy Group, Inc. (NYSE:WEC) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,198 shares of the utilities provider’s stock after purchasing an additional 1,160 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in WEC Energy Group were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank increased its stake in shares of WEC Energy Group by 7.0% during the 3rd 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 during the last quarter. Intech Investment Management LLC increased its position in WEC Energy Group by 335.4% during the 1st quarter. Intech Investment Management LLC now owns 54,090 shares of the utilities provider’s stock worth $4,442,000 after purchasing an additional 41,668 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in WEC Energy Group by 20.3% during the 1st 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 purchasing an additional 71,439 shares in the last quarter. Russell Investments Group Ltd. increased its position in WEC Energy Group by 19.4% during the 1st quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider’s stock worth $8,985,000 after purchasing an additional 17,807 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in WEC Energy Group by 2,949.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider’s stock worth $18,204,000 after purchasing an additional 224,410 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $98.69 on Tuesday. The stock has a market cap of $31.22 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $95.87 and a 200-day moving average of $87.80. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $100.31.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, analysts expect that WEC Energy Group, Inc. will post 4.87 EPS 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 paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

Analysts Set New Price Targets

WEC has been the subject of a number of research analyst reports. KeyCorp increased their target price on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America increased their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BMO Capital Markets increased their target price on shares of 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. Finally, StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $94.45.

Insider Activity

In related news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.