Albion Financial Group UT Raises Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Albion Financial Group UT raised its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,329 shares of the utilities provider’s stock after buying an additional 1,940 shares during the period. Albion Financial Group UT’s holdings in WEC Energy Group were worth $5,418,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WEC. Financial Planning & Information Services Inc. increased its holdings in WEC Energy Group by 16.4% in the fourth quarter. Financial Planning & Information Services Inc. now owns 70,532 shares of the utilities provider’s stock valued at $5,937,000 after buying an additional 9,918 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $8,534,000. Occudo Quantitative Strategies LP purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $5,756,000. V Square Quantitative Management LLC increased its stake in shares of WEC Energy Group by 7.5% during the 4th quarter. V Square Quantitative Management LLC now owns 3,023 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 210 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $123,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group 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 transaction, the vice president now owns 2,377 shares in the company, valued at $213,335.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group 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 in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,702 shares of company stock worth $1,078,058 in the last quarter. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Down 0.4 %

Shares of WEC opened at $93.93 on Friday. The firm has a market cap of $29.69 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The company’s fifty day moving average is $92.99 and its two-hundred day moving average is $85.25. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $97.08. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37.

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

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were issued a $0.835 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.56%. WEC Energy Group’s dividend payout ratio (DPR) is presently 77.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WEC shares. Jefferies Financial Group started coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective for the company. Scotiabank raised their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Bank of America raised their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Finally, KeyCorp raised their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and an average price target of $93.73.

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.