WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 14.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,747 shares of the utilities provider’s stock after selling 40,951 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.08% of WEC Energy Group worth $19,046,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners LLC lifted its position in WEC Energy Group by 25.2% during the 4th quarter. Vantage Financial Partners LLC now owns 7,685 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 1,547 shares during the period. Steward Partners Investment Advisory LLC lifted its position in WEC Energy Group by 2.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 41,643 shares of the utilities provider’s stock worth $3,505,000 after acquiring an additional 1,176 shares during the period. Stifel Financial Corp lifted its position in WEC Energy Group by 5.1% during the 4th quarter. Stifel Financial Corp now owns 241,531 shares of the utilities provider’s stock worth $20,331,000 after acquiring an additional 11,709 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in WEC Energy Group during the 4th quarter worth about $399,000. Finally, Treasurer of the State of North Carolina lifted its position in WEC Energy Group by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 140,037 shares of the utilities provider’s stock worth $11,787,000 after acquiring an additional 1,370 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In other news, VP William J. Guc sold 6,000 shares of the company’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 completion of the sale, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,702 shares of company stock worth $1,078,058. Insiders own 0.34% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $95.26 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $96.65. The business has a 50-day moving average price of $90.84 and a 200 day moving average price of $84.30. The firm has a market cap of $30.09 billion, a PE ratio of 20.80, a P/E/G ratio of 2.43 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.92 EPS. WEC Energy Group’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 14th were issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Wednesday, August 14th. WEC Energy Group’s payout ratio is 72.93%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Jefferies Financial Group began coverage on WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 price target for the company. Scotiabank lifted their price objective on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Bank of America lifted their price objective on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Finally, StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $91.31.

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.