Legacy Private Trust Co. Has $1.15 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Legacy Private Trust Co. cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,963 shares of the utilities provider’s stock after selling 600 shares during the quarter. Legacy Private Trust Co.’s holdings in WEC Energy Group were worth $1,151,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of WEC Energy Group in the first quarter valued at approximately $25,000. Northwest Bank & Trust Co bought a new stake in WEC Energy Group in the 4th quarter valued at $25,000. Global X Japan Co. Ltd. boosted its stake in 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 position in WEC Energy Group during the 2nd quarter worth about $29,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of WEC Energy Group in the 1st quarter valued at about $32,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Up 0.2 %

Shares of WEC stock opened at $94.35 on Wednesday. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $97.08. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.46 and a beta of 0.44. The firm’s 50-day moving average is $92.65 and its 200-day moving average is $85.08. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74.

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, 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 in the prior year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders 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 3.54%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Insider Buying and Selling at WEC Energy Group

In related news, VP Anthony Reese sold 1,362 shares of WEC Energy Group 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 of the company’s stock, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction that occurred 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 sale, the vice president now directly owns 2,377 shares of the company’s stock, 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 have sold a total of 11,702 shares of company stock worth $1,078,058 over the last ninety days. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WEC shares. Barclays upped their price objective on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday. Bank of America upped their price target 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. Jefferies Financial Group started coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective on the stock. KeyCorp increased their target price on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, BMO Capital Markets raised their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Four investment 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. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $92.92.

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.