Advisors Management Group Inc. ADV lowered its holdings in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 24.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,927 shares of the utilities provider’s stock after selling 1,565 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in WEC Energy Group were worth $463,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Coastline Trust Co acquired a new position in shares of WEC Energy Group in the third quarter worth about $29,000. William B. Walkup & Associates Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in WEC Energy Group during the third quarter worth $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of WEC Energy Group during the second quarter worth about $38,000. Finally, Friedenthal Financial acquired a new position in shares of WEC Energy Group in the third quarter worth $50,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Insider Transactions at WEC Energy Group
In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the transaction, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now owns 273,248 shares in the company, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,794 shares of company stock valued at $4,866,579 over the last three months. 0.44% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on WEC Energy Group
WEC Energy Group Stock Up 1.0 %
WEC opened at $95.55 on Thursday. 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 cap of $30.23 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.36 and a beta of 0.48. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The business’s fifty day moving average is $96.56 and its two-hundred day moving average is $92.84.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the firm earned $1.00 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post 4.89 EPS for the current fiscal year.
WEC Energy Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th were given a dividend of $0.8925 per share. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, February 14th. This represents a $3.57 annualized dividend and a yield of 3.74%. WEC Energy Group’s dividend payout ratio (DPR) is presently 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.
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