WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lowered its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,248 shares of the utilities provider’s stock after selling 398 shares during the quarter. V Square Quantitative Management LLC’s holdings in WEC Energy Group were worth $409,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. grew its position in 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 buying an additional 688,812 shares during the period. Earnest Partners LLC grew its holdings in shares of WEC Energy Group by 11.8% in the 2nd quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after acquiring an additional 206,637 shares during the period. Envestnet Asset Management Inc. increased its stake in 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 in the last quarter. Clearbridge Investments LLC raised its holdings in WEC Energy Group by 1.7% during the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider’s stock worth $106,385,000 after purchasing an additional 22,026 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in WEC Energy Group by 9.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider’s stock worth $108,458,000 after purchasing an additional 111,254 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

NYSE WEC opened at $99.85 on Friday. The business’s 50-day moving average price is $94.19 and its 200 day moving average price is $86.04. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $99.99. The company has a market capitalization of $31.53 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, research analysts predict that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

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 issued a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.35%. WEC Energy Group’s payout ratio is 72.93%.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 750 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the sale, the director now directly owns 21,876 shares in the company, valued at $1,934,932.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Joshua M. Erickson sold 350 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the sale, the vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total transaction of $66,337.50. Following the transaction, the director now owns 21,876 shares in the company, valued at $1,934,932.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Scotiabank increased their price target on shares of 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 lifted their price objective on WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.00.

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.