Alliance Wealth Advisors LLC UT Purchases 1,016 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Alliance Wealth Advisors LLC UT increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 36,948 shares of the utilities provider’s stock after buying an additional 1,016 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in WEC Energy Group were worth $3,475,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Annex Advisory Services LLC grew its position in shares of WEC Energy Group by 6.5% in the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock worth $10,405,000 after buying an additional 6,785 shares during the last quarter. Matrix Trust Co bought a new position in shares of WEC Energy Group during the fourth quarter valued at approximately $1,538,000. DRW Securities LLC purchased a new stake in WEC Energy Group in the third quarter worth $1,392,000. Motley Fool Wealth Management LLC boosted its holdings in WEC Energy Group by 51.0% in the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after acquiring an additional 10,126 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in WEC Energy Group by 20.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock valued at $42,689,000 after purchasing an additional 78,580 shares during the period. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $100.62 on Tuesday. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $102.79. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $31.83 billion, a P/E ratio of 24.60, a PEG ratio of 2.50 and a beta of 0.49. The stock’s 50 day moving average is $96.68 and its 200 day moving average is $94.64.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.32%. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Insider Activity

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 shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 1,805 shares of the firm’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 sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. This trade represents a 0.66 % 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 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research report on Monday, December 2nd. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Scotiabank increased their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, KeyCorp upped 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. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $100.00.

WEC Energy Group 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.