Foundations Investment Advisors LLC Acquires 438 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Foundations Investment Advisors LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,189 shares of the utilities provider’s stock after buying an additional 438 shares during the quarter. Foundations Investment Advisors LLC’s holdings in WEC Energy Group were worth $1,146,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, CEO Scott J. Lauber sold 6,720 shares of the company’s 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 sale, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This represents a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares in the company, valued at approximately $27,204,570.88. The trade was a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 in the last three months. 0.34% of the stock is owned by company insiders.

WEC Energy Group Trading Down 1.8 %

Shares of NYSE:WEC opened at $99.07 on Wednesday. The stock’s 50-day simple moving average is $96.76 and its two-hundred day simple moving average is $94.13. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $102.79. 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 stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.46 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last posted 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. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. WEC Energy Group’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Analysts expect that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.37%. WEC Energy Group’s payout ratio is presently 81.66%.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank boosted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, BMO Capital Markets increased their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average price target of $98.40.

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.