Greenleaf Trust Has $750,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Greenleaf Trust lowered its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,803 shares of the utilities provider’s stock after selling 214 shares during the quarter. Greenleaf Trust’s holdings in WEC Energy Group were worth $750,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global X Japan Co. Ltd. raised its position in shares of WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of WEC Energy Group during the second quarter worth $29,000. William B. Walkup & Associates Inc. bought a new stake in shares of WEC Energy Group during the second quarter worth $31,000. FinTrust Capital Advisors LLC raised its position in shares of WEC Energy Group by 52.6% during the first quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of WEC Energy Group during the second quarter worth $36,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,462 shares of the company’s stock, 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 this hyperlink. In other news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,462 shares of the company’s stock, 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 this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction dated 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 directly owns 2,377 shares of the company’s stock, valued at $213,335.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,702 shares of company stock valued at $1,078,058 over the last three months. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Down 0.7 %

Shares of WEC Energy Group stock opened at $98.81 on Friday. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The business has a 50-day moving average of $94.78 and a two-hundred day moving average of $86.43. The company has a market capitalization of $31.23 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.44. 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 (NYSE:WEC) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.38%. WEC Energy Group’s dividend payout ratio is currently 77.14%.

Analysts Set New Price Targets

WEC has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Bank of America boosted their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company upped their price objective on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group began coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective for the company. Finally, KeyCorp upped their price objective on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday. Four equities 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 MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $94.45.

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.