Cwm LLC Acquires 693 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Cwm LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,553 shares of the utilities provider’s stock after purchasing an additional 693 shares during the quarter. Cwm LLC’s holdings in WEC Energy Group were worth $1,688,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of WEC Energy Group by 36.7% during the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after acquiring an additional 688,812 shares in the last quarter. Earnest Partners LLC increased its holdings in WEC Energy Group by 11.8% during the 2nd quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after purchasing an additional 206,637 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of WEC Energy Group by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider’s stock valued at $139,889,000 after purchasing an additional 61,019 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of WEC Energy Group by 1.7% in the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider’s stock valued at $106,385,000 after purchasing an additional 22,026 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of WEC Energy Group by 9.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider’s stock valued at $108,458,000 after purchasing an additional 111,254 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Up 1.0 %

WEC Energy Group stock opened at $97.23 on Wednesday. The stock has a 50-day simple moving average of $93.53 and a 200 day simple moving average of $85.70. The stock has a market capitalization of $30.71 billion, a P/E ratio of 21.23, a PEG ratio of 2.42 and a beta of 0.44. 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, Inc. has a 52 week low of $75.13 and a 52 week high of $98.04.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. Analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share 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 issued a $0.835 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.44%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WEC shares. Scotiabank lifted 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. KeyCorp boosted their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Jefferies Financial Group started coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price for the company. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Bank of America increased their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.73.

Insider Transactions at WEC Energy Group

In related news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, the vice president now owns 3,662 shares in the company, valued at approximately $340,712.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by insiders.

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.