First Personal Financial Services Sells 115 Shares of WEC Energy Group, Inc. (NYSE:WEC)

First Personal Financial Services reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 910 shares of the utilities provider’s stock after selling 115 shares during the quarter. First Personal Financial Services’ holdings in WEC Energy Group were worth $88,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank grew its stake in shares of WEC Energy Group by 7.0% during the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock valued at $6,193,000 after buying an additional 4,205 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of WEC Energy Group by 139.6% during the first quarter. Empowered Funds LLC now owns 30,792 shares of the utilities provider’s stock worth $2,529,000 after purchasing an additional 17,938 shares during the period. Intech Investment Management LLC boosted its holdings in shares of WEC Energy Group by 335.4% during the first quarter. Intech Investment Management LLC now owns 54,090 shares of the utilities provider’s stock worth $4,442,000 after purchasing an additional 41,668 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of WEC Energy Group by 20.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 423,718 shares of the utilities provider’s stock worth $34,796,000 after purchasing an additional 71,439 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of WEC Energy Group by 19.4% during the first quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider’s stock worth $8,985,000 after purchasing an additional 17,807 shares during the period. 77.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WEC. Barclays increased their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 target price for the company. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, KeyCorp raised their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $94.45.

Insiders Place Their Bets

In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the sale, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $97.59 on Friday. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The company has a 50 day simple moving average of $95.87 and a two-hundred day simple moving average of $87.73. The company has a market capitalization of $30.87 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.51 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

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.