Steigerwald Gordon & Koch Inc. Acquires Shares of 2,170 WEC Energy Group, Inc. (NYSE:WEC)

Steigerwald Gordon & Koch Inc. bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, HoldingsChannel.com reports. The fund bought 2,170 shares of the utilities provider’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Czech National Bank raised its position in 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 purchasing an additional 4,205 shares during the period. Lantz Financial LLC raised its stake in shares of WEC Energy Group by 324.9% in the first quarter. Lantz Financial LLC now owns 28,454 shares of the utilities provider’s stock valued at $2,337,000 after acquiring an additional 21,758 shares during the period. Quadrature Capital Ltd boosted its stake in shares of WEC Energy Group by 18.2% during the 4th quarter. Quadrature Capital Ltd now owns 38,980 shares of the utilities provider’s stock worth $3,282,000 after purchasing an additional 5,994 shares during the period. Brookstone Capital Management boosted its stake in shares of WEC Energy Group by 789.0% during the 1st quarter. Brookstone Capital Management now owns 125,219 shares of the utilities provider’s stock worth $10,283,000 after purchasing an additional 111,134 shares during the period. Finally, Keystone Financial Planning Inc. bought a new position in WEC Energy Group during the 1st quarter valued at about $7,116,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Down 0.1 %

WEC Energy Group stock traded down $0.10 during mid-day trading on Thursday, reaching $94.21. 675,878 shares of the company were exchanged, compared to its average volume of 2,145,273. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market cap of $29.75 billion, a P/E ratio of 20.59, a PEG ratio of 2.46 and a beta of 0.44. The business has a fifty day moving average of $92.99 and a 200 day moving average of $85.25. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $97.08.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business posted $0.92 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 14th were given a dividend of $0.835 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.55%. WEC Energy Group’s payout ratio is 72.93%.

Analysts Set New Price Targets

WEC has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Barclays increased their target price on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday. Scotiabank upped their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, BMO Capital Markets upped their target price on shares of 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.73.

Insider Buying and Selling at WEC Energy Group

In other news, VP Joshua M. Erickson sold 350 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the sale, the director now directly owns 21,876 shares in the company, valued at approximately $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the transaction, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,702 shares of company stock worth $1,078,058 over the last three months. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Company 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.