2,352 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, Holdings Channel reports. The institutional investor purchased 2,352 shares of the utilities provider’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. lifted its stake in WEC Energy Group by 36.7% in the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after acquiring an additional 688,812 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of WEC Energy Group by 36.0% in the 1st quarter. Earnest Partners LLC now owns 1,748,141 shares of the utilities provider’s stock valued at $143,557,000 after purchasing an additional 462,646 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of WEC Energy Group by 10,220.1% during 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 last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of WEC Energy Group during the first quarter worth $23,297,000. Finally, Raymond James & Associates increased its holdings in WEC Energy Group by 26.0% in the third quarter. Raymond James & Associates now owns 1,283,994 shares of the utilities provider’s stock valued at $123,494,000 after buying an additional 264,654 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the sale, the director now owns 21,876 shares of the company’s stock, valued at $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ulice Payne, Jr. sold 750 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the completion of the sale, the director now owns 21,876 shares in the company, valued at $1,934,932.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is owned by company insiders.

WEC Energy Group Trading Up 0.9 %

NYSE WEC opened at $99.53 on Thursday. The firm’s fifty day moving average is $94.78 and its two-hundred day moving average is $86.43. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $100.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market cap of $31.46 billion, a PE ratio of 22.99, a P/E/G ratio of 2.54 and a beta of 0.44.

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

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.36%. WEC Energy Group’s dividend payout ratio (DPR) is 77.14%.

Analyst Ratings Changes

A number of analysts have issued reports on WEC shares. KeyCorp lifted their price target on WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America boosted their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price target 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. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Barclays increased their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $94.45.

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.