372 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Olistico Wealth LLC

Olistico Wealth LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 372 shares of the utilities provider’s stock, valued at approximately $29,000.

A number of other institutional investors have also bought and sold shares of WEC. Opal Wealth Advisors LLC purchased a new stake in WEC Energy Group in the 1st quarter valued at $25,000. Northwest Bank & Trust Co purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in WEC Energy Group during the fourth quarter worth about $26,000. First United Bank & Trust purchased a new position in WEC Energy Group during the fourth quarter worth about $30,000. Finally, YHB Investment Advisors Inc. acquired a new position in WEC Energy Group in the 1st quarter valued at about $32,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Up 0.5 %

Shares of NYSE WEC traded up $0.48 during mid-day trading on Wednesday, hitting $88.95. The company had a trading volume of 2,742,722 shares, compared to its average volume of 2,180,000. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.42. The company has a market capitalization of $28.12 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. The business’s 50-day simple moving average is $80.81 and its 200 day simple moving average is $80.76. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $92.23.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data 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 business 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%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.835 per share. The ex-dividend date is Wednesday, August 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.75%. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Analysts Set New Price Targets

WEC has been the topic of several analyst reports. Scotiabank reduced their price target on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. KeyCorp decreased their price target on 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. Barclays raised their price objective on WEC Energy Group from $80.00 to $86.00 and gave the stock an “underweight” rating in a research report on Tuesday. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $87.31.

Insider Activity

In other news, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

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.