TCV Trust & Wealth Management Inc. Invests $201,000 in WEC Energy Group, Inc. (NYSE:WEC)

TCV Trust & Wealth Management Inc. bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, Holdings Channel.com reports. The fund bought 2,095 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other large investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of WEC Energy Group by 36.7% in the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after purchasing an additional 688,812 shares during the period. Earnest Partners LLC increased its holdings in WEC Energy Group by 36.0% during the first quarter. Earnest Partners LLC now owns 1,748,141 shares of the utilities provider’s stock valued at $143,557,000 after buying an additional 462,646 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of WEC Energy Group by 151.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 583,990 shares of the utilities provider’s stock worth $56,168,000 after purchasing an additional 351,972 shares in the last quarter. International Assets Investment Management LLC raised its holdings in WEC Energy Group by 10,220.1% in the 3rd quarter. International Assets Investment Management LLC now owns 303,515 shares of the utilities provider’s stock worth $29,192,000 after purchasing an additional 300,574 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in WEC Energy Group during the first quarter valued at about $23,297,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 1.6 %

NYSE:WEC opened at $97.19 on Monday. The stock has a fifty day simple moving average of $95.12 and a 200-day simple moving average of $86.70. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The company has a market cap of $30.72 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, beating 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is 77.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WEC shares. Jefferies Financial Group initiated coverage on WEC Energy Group in a research note on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective on the stock. KeyCorp lifted 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. Barclays increased their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Bank of America raised their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, Scotiabank upped 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. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.45.

Insiders Place Their Bets

In related news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction on Friday, August 30th. The stock was 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 in the company, valued at $340,712.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Anthony Reese sold 1,362 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the transaction, the vice president now directly owns 1,462 shares in the company, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,702 shares of company stock worth $1,078,058 over the last 90 days. Company insiders own 0.44% of the company’s stock.

About WEC Energy Group

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.