305 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Coastline Trust Co

Coastline Trust Co acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 305 shares of the utilities provider’s stock, valued at approximately $29,000.

Several other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of WEC Energy Group by 19.4% during the 1st quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider’s stock valued at $8,985,000 after buying an additional 17,807 shares during the period. Blair William & Co. IL raised its stake in shares of WEC Energy Group by 0.8% during the first quarter. Blair William & Co. IL now owns 45,339 shares of the utilities provider’s stock valued at $3,723,000 after purchasing an additional 347 shares during the period. Edgestream Partners L.P. lifted its position in shares of WEC Energy Group by 241.2% during the first quarter. Edgestream Partners L.P. now owns 38,595 shares of the utilities provider’s stock worth $3,169,000 after purchasing an additional 27,284 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of WEC Energy Group by 373.6% in the first quarter. Ameritas Investment Partners Inc. now owns 18,897 shares of the utilities provider’s stock valued at $1,552,000 after purchasing an additional 14,907 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in WEC Energy Group by 30.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,389 shares of the utilities provider’s stock valued at $6,191,000 after purchasing an additional 17,558 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In other news, VP William J. Guc sold 6,000 shares of the stock in a transaction 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 transaction, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. This represents a 43.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This trade represents a 46.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. Barclays lifted their target price on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Scotiabank increased their target price on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They issued a “hold” rating and a $102.00 price target for the company. BMO Capital Markets increased their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Stock Up 1.9 %

WEC opened at $97.98 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company has a market capitalization of $31.00 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.66 and a beta of 0.44. The firm’s fifty day moving average price is $96.24 and its two-hundred day moving average price is $88.34.

WEC Energy Group (NYSE:WEC) last announced 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. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. On average, 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 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 is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.41%. WEC Energy Group’s dividend payout ratio is 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.