International Private Wealth Advisors LLC Has $263,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

International Private Wealth Advisors LLC cut its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,731 shares of the utilities provider’s stock after selling 117 shares during the period. International Private Wealth Advisors LLC’s holdings in WEC Energy Group were worth $263,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of WEC Energy Group by 36.7% in the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock valued at $201,328,000 after buying an additional 688,812 shares during the last quarter. Earnest Partners LLC lifted its stake in WEC Energy Group by 36.0% in the first quarter. Earnest Partners LLC now owns 1,748,141 shares of the utilities provider’s stock valued at $143,557,000 after acquiring an additional 462,646 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of WEC Energy Group by 151.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 583,990 shares of the utilities provider’s stock valued at $56,168,000 after acquiring an additional 351,972 shares during the period. International Assets Investment Management LLC increased its stake 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. Finally, Raymond James & Associates raised its holdings in shares of WEC Energy Group by 26.0% in the 3rd quarter. Raymond James & Associates now owns 1,283,994 shares of the utilities provider’s stock valued at $123,494,000 after purchasing an additional 264,654 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Insider Activity at WEC Energy Group

In other news, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now owns 3,662 shares in the company, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Stock Performance

Shares of WEC traded down $0.84 during mid-day trading on Thursday, hitting $96.79. 115,872 shares of the company’s stock were exchanged, compared to its average volume of 2,152,226. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $100.31. The stock’s 50-day simple moving average is $96.12 and its 200-day simple moving average is $88.10. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Analyst Ratings Changes

A number of research firms recently commented on WEC. Barclays lifted their price target on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Bank of America lifted 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 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. Jefferies Financial Group assumed coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.