Premier Path Wealth Partners LLC Invests $222,000 in WEC Energy Group, Inc. (NYSE:WEC)

Premier Path Wealth Partners LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,825 shares of the utilities provider’s stock, valued at approximately $222,000.

Other large investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC raised its holdings in WEC Energy Group by 0.4% during the 4th quarter. N.E.W. Advisory Services LLC now owns 36,086 shares of the utilities provider’s stock worth $3,037,000 after buying an additional 132 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of WEC Energy Group by 2.0% during the first quarter. Wesbanco Bank Inc. now owns 6,869 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 134 shares during the period. Diversified Trust Co lifted its position in shares of WEC Energy Group by 2.7% in the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 134 shares in the last quarter. MPS Loria Financial Planners LLC boosted its stake in WEC Energy Group by 2.1% in the 1st quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 135 shares during the period. Finally, Keystone Financial Group grew its position in WEC Energy Group by 4.5% during the 4th quarter. Keystone Financial Group now owns 3,211 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 138 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the sale, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Anthony Reese sold 1,362 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the sale, the vice president now owns 1,462 shares in the company, valued at $129,796.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the transaction, the vice president now owns 2,377 shares of the company’s stock, valued at $213,335.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,462 shares of company stock worth $218,668. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Down 0.3 %

NYSE:WEC traded down $0.30 during trading hours on Friday, reaching $92.66. The company’s stock had a trading volume of 1,450,204 shares, compared to its average volume of 2,198,920. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. The company has a market cap of $29.26 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.41. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $93.28. The business’s 50-day moving average is $83.42 and its 200-day moving average is $81.65.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that WEC Energy Group, Inc. will post 4.88 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Wednesday, August 14th. WEC Energy Group’s payout ratio is 72.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WEC. Barclays increased their target price on WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. BMO Capital Markets raised their price objective on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Scotiabank boosted their price objective 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. Finally, KeyCorp dropped their price objective on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Four 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.85.

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.