WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by My Legacy Advisors LLC

My Legacy Advisors LLC boosted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,568 shares of the utilities provider’s stock after acquiring an additional 233 shares during the period. My Legacy Advisors LLC’s holdings in WEC Energy Group were worth $628,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Czech National Bank lifted its stake in WEC Energy Group by 7.0% during the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock worth $6,193,000 after purchasing an additional 4,205 shares in the last quarter. DRW Securities LLC purchased a new position in shares of WEC Energy Group in the third quarter valued at approximately $1,392,000. Matrix Trust Co purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $1,538,000. Motley Fool Wealth Management LLC boosted its holdings in WEC Energy Group by 51.0% in the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after purchasing an additional 10,126 shares during the period. Finally, Atria Investments Inc increased its holdings in WEC Energy Group by 13.8% during the 3rd quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after purchasing an additional 7,646 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

NYSE:WEC opened at $99.18 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The firm has a market cap of $31.37 billion, a PE ratio of 24.25, a P/E/G ratio of 2.36 and a beta of 0.48. The firm has a 50 day simple moving average of $96.65 and a 200-day simple moving average of $93.05. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $102.79.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.37%. WEC Energy Group’s dividend payout ratio is presently 81.66%.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,794 shares of company stock worth $4,866,579. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WEC. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank boosted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Finally, KeyCorp lifted their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $98.40.

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.