BLB&B Advisors LLC Purchases New Position in WEC Energy Group, Inc. (NYSE:WEC)

BLB&B Advisors LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,113 shares of the utilities provider’s stock, valued at approximately $203,000.

Other large investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its holdings in shares of WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 118 shares during the period. Olistico Wealth LLC bought a new stake in WEC Energy Group in the second quarter worth $29,000. William B. Walkup & Associates Inc. purchased a new position in WEC Energy Group during the second quarter worth $31,000. FinTrust Capital Advisors LLC increased its position in WEC Energy Group by 52.6% during the first 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 last quarter. Finally, ESL Trust Services LLC purchased a new stake in shares of WEC Energy Group in the first quarter valued at $37,000. 77.20% of the stock is owned by institutional investors.

Insider Activity

In other WEC Energy Group news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was 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 $129,796.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the firm’s 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 $129,796.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,702 shares of company stock worth $1,078,058. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Trading Up 0.9 %

Shares of NYSE WEC opened at $99.53 on Thursday. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31. The firm has a market cap of $31.43 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.57 and a beta of 0.44. The business has a fifty day simple moving average of $94.78 and a two-hundred day simple moving average of $86.43. 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 (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating 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 firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect 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 declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be given a $0.835 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.36%. WEC Energy Group’s payout ratio is presently 72.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WEC shares. BMO Capital Markets lifted their price target 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. Scotiabank boosted their target price on 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. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Barclays raised their price target on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Finally, Bank of America upped their price objective on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.45.

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.