Marshall Financial Group LLC Invests $202,000 in WEC Energy Group, Inc. (NYSE:WEC)

Marshall Financial Group LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,098 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its position in WEC Energy Group by 23.5% during the third quarter. Bleakley Financial Group LLC now owns 9,756 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 1,858 shares during the period. Global Retirement Partners LLC lifted its position in WEC Energy Group by 120.6% during the third quarter. Global Retirement Partners LLC now owns 20,705 shares of the utilities provider’s stock valued at $1,991,000 after purchasing an additional 11,319 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its position in WEC Energy Group by 3.6% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 25,758 shares of the utilities provider’s stock valued at $2,477,000 after purchasing an additional 900 shares during the period. SPC Financial Inc. lifted its position in WEC Energy Group by 4.8% during the third quarter. SPC Financial Inc. now owns 6,579 shares of the utilities provider’s stock valued at $633,000 after purchasing an additional 300 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC lifted its position in WEC Energy Group by 4.7% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 12,411 shares of the utilities provider’s stock valued at $1,194,000 after purchasing an additional 562 shares during the period. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WEC. Scotiabank increased their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. KeyCorp increased their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets upped their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Bank of America upped their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $94.00.

WEC Energy Group Stock Performance

WEC opened at $99.85 on Friday. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.48 and a beta of 0.44. The company has a fifty day moving average of $94.19 and a 200 day moving average of $86.01. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $99.99. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating 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 analyst estimates of $1.87 billion. During the same quarter last year, the business earned $0.92 earnings per share. WEC Energy Group’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders 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 annualized dividend and a yield of 3.35%. WEC Energy Group’s dividend payout ratio (DPR) is currently 72.93%.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP Anthony Reese sold 1,362 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the transaction, the vice president now owns 1,462 shares in the company, valued at $129,796.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Ulice Payne, Jr. sold 750 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the completion of the sale, the director now owns 21,876 shares in the company, valued at approximately $1,934,932.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the firm’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 completion of the sale, the vice president now owns 1,462 shares of the company’s stock, valued at $129,796.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,702 shares of company stock worth $1,078,058 over the last 90 days. 0.34% of the stock is owned by insiders.

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.