WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 46.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,913 shares of the utilities provider’s stock after purchasing an additional 20,918 shares during the quarter. SG Americas Securities LLC’s holdings in WEC Energy Group were worth $6,198,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in 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 worth $216,000 after acquiring an additional 111 shares in the last quarter. Tsfg LLC increased its stake in WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 119 shares during the period. Drake & Associates LLC lifted its position in shares of WEC Energy Group by 2.0% during the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 120 shares in the last quarter. Park National Corp OH boosted its stake in shares of WEC Energy Group by 3.4% in the third 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 period. Finally, Concord Wealth Partners grew its holdings in shares of WEC Energy Group by 20.7% in the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 133 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In related news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Up 0.7 %

Shares of NYSE:WEC opened at $98.02 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The firm has a 50 day simple moving average of $96.73 and a 200-day simple moving average of $93.62. The company has a market capitalization of $31.01 billion, a PE ratio of 23.97, a P/E/G ratio of 2.46 and a beta of 0.48. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $102.79.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. WEC Energy Group’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities analysts predict that WEC Energy Group, Inc. will post 4.89 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Analyst Ratings Changes

WEC has been the subject of several recent research reports. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research note on Monday, December 2nd. Finally, Scotiabank upped their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.40.

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.