NBC Securities Inc. Boosts Position in WEC Energy Group, Inc. (NYSE:WEC)

NBC Securities Inc. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 22.2% during the third quarter, Holdings Channel.com reports. The firm owned 830 shares of the utilities provider’s stock after buying an additional 151 shares during the quarter. NBC Securities Inc.’s holdings in WEC Energy Group were worth $79,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WEC. Opal Wealth Advisors LLC purchased a new position in shares of WEC Energy Group during the 1st quarter worth $25,000. Global X Japan Co. Ltd. lifted its position in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Olistico Wealth LLC purchased a new position in WEC Energy Group during the second quarter worth about $29,000. William B. Walkup & Associates Inc. acquired a new stake in shares of WEC Energy Group during the second quarter valued at about $31,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of WEC Energy Group by 52.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 142 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the subject of several research reports. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. 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. Wells Fargo & Company raised their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. KeyCorp boosted their price target on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, BMO Capital Markets raised their price objective on shares of 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. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.00.

Insider Buying and Selling at WEC Energy Group

In other news, VP Anthony Reese sold 1,362 shares of the stock in a transaction dated 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 owns 1,462 shares in the company, valued at approximately $129,796.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total value of $120,918.36. Following the transaction, the vice president now owns 1,462 shares of the company’s stock, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their ownership of the stock. 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 the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $99.85 on Monday. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $99.99. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The company has a market cap of $31.56 billion, a P/E ratio of 23.06, a PEG ratio of 2.57 and a beta of 0.44. The firm has a fifty day moving average price of $94.19 and a 200 day moving average price of $86.07.

WEC Energy Group (NYSE:WEC) last released 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 business 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 firm posted $0.92 EPS. The business’s quarterly 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 firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders 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 yield of 3.35%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s payout ratio is currently 77.14%.

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.