Hummer Financial Advisory Services Inc Sells 521 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Hummer Financial Advisory Services Inc reduced its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,101 shares of the utilities provider’s stock after selling 521 shares during the period. WEC Energy Group comprises 0.8% of Hummer Financial Advisory Services Inc’s investment portfolio, making the stock its 22nd largest position. Hummer Financial Advisory Services Inc’s holdings in WEC Energy Group were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Coastline Trust Co purchased a new position in WEC Energy Group during the 3rd quarter valued at about $29,000. William B. Walkup & Associates Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of WEC Energy Group during the second quarter valued at approximately $38,000. Ashton Thomas Securities LLC purchased a new position in shares of WEC Energy Group during the third quarter valued at approximately $45,000. Finally, Friedenthal Financial bought a new position in shares of WEC Energy Group during the third quarter valued at approximately $50,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

NYSE WEC opened at $93.85 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The company has a market capitalization of $29.69 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.59 and a beta of 0.48. The stock has a 50-day moving average of $96.59 and a 200 day moving average of $92.72. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.8925 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is 87.29%.

Analyst Ratings Changes

Several analysts recently weighed in on WEC shares. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their price target on shares of WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research report on Monday, December 2nd. Jefferies Financial Group initiated coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective for the company. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.40.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 1,805 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now directly owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the transaction, the chief executive officer now owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock valued at $4,866,579 over the last 90 days. 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.