AMG National Trust Bank Takes $204,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

AMG National Trust Bank bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,119 shares of the utilities provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TrinityPoint Wealth LLC grew its holdings in WEC Energy Group by 1.3% during the 3rd quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 134 shares in the last quarter. Swiss National Bank boosted its stake in shares of WEC Energy Group by 0.3% during the 3rd quarter. Swiss National Bank now owns 937,287 shares of the utilities provider’s stock worth $90,148,000 after purchasing an additional 3,000 shares during the period. Thrivent Financial for Lutherans grew its position in WEC Energy Group by 17.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider’s stock valued at $2,527,000 after acquiring an additional 3,880 shares during the last quarter. Claro Advisors LLC increased its holdings in WEC Energy Group by 9.5% during the 3rd quarter. Claro Advisors LLC now owns 9,610 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 835 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in shares of WEC Energy Group during the third quarter valued at $373,000. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the sale, the director now owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now owns 3,662 shares of the company’s stock, valued at $340,712.48. This represents a 46.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,045 shares of company stock valued at $1,038,807. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WEC has been the topic of a number of recent research reports. Barclays increased their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. Wells Fargo & Company boosted their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BMO Capital Markets raised their price objective on 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. Scotiabank boosted their target price on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, KeyCorp raised their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $94.45.

WEC Energy Group Trading Up 0.2 %

Shares of WEC Energy Group stock opened at $99.26 on Thursday. The firm’s 50 day simple moving average is $96.48 and its two-hundred day simple moving average is $88.64. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.70 and a beta of 0.44. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $100.31. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business posted $1.00 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.36%. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

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.