WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Raised by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,859 shares of the utilities provider’s stock after buying an additional 6,739 shares during the quarter. Annex Advisory Services LLC’s holdings in WEC Energy Group were worth $9,989,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Czech National Bank lifted its holdings in WEC Energy Group by 7.0% during the 3rd quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock worth $6,193,000 after buying an additional 4,205 shares during the last quarter. Lantz Financial LLC lifted its stake in 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 last quarter. Quadrature Capital Ltd boosted its holdings in WEC Energy Group by 18.2% in the fourth quarter. Quadrature Capital Ltd now owns 38,980 shares of the utilities provider’s stock worth $3,282,000 after purchasing an additional 5,994 shares during the period. Brookstone Capital Management raised its holdings in shares of WEC Energy Group by 789.0% during the first quarter. Brookstone Capital Management now owns 125,219 shares of the utilities provider’s stock worth $10,283,000 after purchasing an additional 111,134 shares during the period. Finally, Keystone Financial Planning Inc. bought a new position in shares of WEC Energy Group in the 1st quarter worth about $7,116,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WEC shares. KeyCorp boosted 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. Scotiabank raised their price target on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Bank of America lifted their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group began coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $93.73.

WEC Energy Group Price Performance

NYSE:WEC opened at $95.45 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average price is $93.20 and its 200 day moving average price is $85.46. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $97.08. The firm has a market cap of $30.17 billion, a P/E ratio of 22.04, a PEG ratio of 2.42 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (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 company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders 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 annualized dividend and a dividend yield of 3.50%. WEC Energy Group’s dividend payout ratio is currently 77.14%.

Insider Activity

In related news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group 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 $213,335.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group 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 completion of the transaction, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,702 shares of company stock worth $1,078,058. Insiders own 0.34% of the company’s stock.

About WEC Energy Group

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.