WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 34.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,444 shares of the utilities provider’s stock after buying an additional 2,427 shares during the period. Foundations Investment Advisors LLC’s holdings in WEC Energy Group were worth $741,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vantage Financial Partners LLC increased its position in WEC Energy Group by 25.2% in the fourth quarter. Vantage Financial Partners LLC now owns 7,685 shares of the utilities provider’s stock worth $647,000 after buying an additional 1,547 shares during the period. Private Advisor Group LLC lifted its position in WEC Energy Group by 21.7% in the 4th quarter. Private Advisor Group LLC now owns 16,303 shares of the utilities provider’s stock valued at $1,372,000 after purchasing an additional 2,902 shares during the last quarter. Lincoln National Corp boosted its stake in WEC Energy Group by 70.3% during the 4th quarter. Lincoln National Corp now owns 5,473 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 2,260 shares during the period. Apollon Wealth Management LLC grew its position in WEC Energy Group by 77.1% in the 4th quarter. Apollon Wealth Management LLC now owns 8,278 shares of the utilities provider’s stock worth $697,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of WEC Energy Group by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,777,770 shares of the utilities provider’s stock valued at $149,635,000 after purchasing an additional 51,540 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $93.69 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $95.41. The business’s 50-day moving average price is $86.40 and its two-hundred day moving average price is $82.74. The company has a market capitalization of $29.61 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 2.43 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.92 EPS. WEC Energy Group’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were given a $0.835 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.56%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Insider Transactions at WEC Energy Group

In related news, VP William J. Guc sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 approximately $716,208.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the sale, the vice president now directly owns 1,462 shares of the company’s stock, valued at approximately $129,796.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. KeyCorp decreased their price target on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Scotiabank increased their target price on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, Barclays upped their price target on shares of WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.77.

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.