Richard C. Young & CO. LTD. Sells 438 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Richard C. Young & CO. LTD. lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,836 shares of the utilities provider’s stock after selling 438 shares during the period. Richard C. Young & CO. LTD.’s holdings in WEC Energy Group were worth $3,558,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WEC. Coastline Trust Co acquired a new position in WEC Energy Group during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in WEC Energy Group during the third quarter worth $45,000. Friedenthal Financial bought a new position in WEC Energy Group during the third quarter valued at about $50,000. Robbins Farley bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $64,000. Finally, Concord Wealth Partners grew its holdings in shares of WEC Energy Group by 20.7% during the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 40,269 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares of the company’s stock, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock worth $4,866,579 in the last ninety days. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Up 1.0 %

Shares of NYSE WEC opened at $101.82 on Friday. The firm’s 50-day moving average is $96.60 and its 200-day moving average is $95.11. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $102.79. The firm has a market capitalization of $32.21 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Equities analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.28%. WEC Energy Group’s dividend payout ratio (DPR) is presently 69.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WEC shares. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $101.88.

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.