Lifeworks Advisors LLC Has $267,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Lifeworks Advisors LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,775 shares of the utilities provider’s stock after acquiring an additional 155 shares during the period. Lifeworks Advisors LLC’s holdings in WEC Energy Group were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its position in shares of WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in WEC Energy Group by 2.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 117 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 118 shares during the last quarter. Drake & Associates LLC lifted its holdings in WEC Energy Group by 2.0% during the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 120 shares during the last quarter. Finally, Park National Corp OH lifted its holdings in WEC Energy Group by 3.4% during the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 130 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WEC. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America boosted 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 note on Thursday, August 29th. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Jefferies Financial Group initiated coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price for the company. Finally, KeyCorp boosted 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 note on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.45.

WEC Energy Group Stock Down 0.7 %

WEC Energy Group stock opened at $96.13 on Friday. The stock has a market capitalization of $30.41 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $96.12 and a 200-day moving average of $88.10.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share 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 net margin of 15.14% and a return on equity of 11.72%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS 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. Stockholders of record on Thursday, November 14th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is presently 81.66%.

Insider Transactions at WEC Energy Group

In other news, VP William J. Guc sold 6,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. This represents a 43.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Beth Straka sold 3,240 shares of the stock in a transaction dated Friday, August 30th. The shares were 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 $340,712.48. The trade was a 46.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently 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.