Pathstone Holdings LLC Cuts Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Pathstone Holdings LLC lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,091 shares of the utilities provider’s stock after selling 854 shares during the period. Pathstone Holdings LLC’s holdings in WEC Energy Group were worth $2,413,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock worth $216,000 after buying an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in WEC Energy Group by 2.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 117 shares during the period. Global X Japan Co. Ltd. boosted its position in WEC Energy Group by 58.1% in the second 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 last quarter. Drake & Associates LLC grew its stake in WEC Energy Group by 2.0% in the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 120 shares during the period. Finally, Park National Corp OH increased its position in shares of WEC Energy Group by 3.4% during the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 130 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Transactions at WEC Energy Group

In related news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The trade was a 43.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares of the company’s stock, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,034 shares of company stock valued at $5,725,969. 0.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on WEC. Jefferies Financial Group began coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 price target for the company. Scotiabank lifted their price target 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. Bank of America upped their price objective on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. KeyCorp raised their target price on WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $94.45.

WEC Energy Group Stock Up 0.7 %

Shares of NYSE WEC opened at $101.36 on Tuesday. The business has a 50-day simple moving average of $96.80 and a two-hundred day simple moving average of $89.02. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $101.59. The company has a market cap of $32.07 billion, a P/E ratio of 24.78, a P/E/G ratio of 2.73 and a beta of 0.44. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37.

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

WEC Energy Group Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.30%. 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.