Leeward Investments LLC MA Has $14.16 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

Leeward Investments LLC MA trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 6.0% during the third quarter, Holdings Channel reports. The firm owned 147,224 shares of the utilities provider’s stock after selling 9,371 shares during the quarter. Leeward Investments LLC MA’s holdings in WEC Energy Group were worth $14,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its stake in WEC Energy Group by 5.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after buying an additional 111 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in shares of WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after buying an additional 117 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares in the last quarter. Drake & Associates LLC lifted its position in WEC Energy Group by 2.0% in the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock valued at $598,000 after acquiring an additional 120 shares in the last quarter. Finally, Park National Corp OH increased its holdings in WEC Energy Group by 3.4% during the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.1 %

Shares of WEC Energy Group stock opened at $96.01 on Thursday. The stock has a market capitalization of $30.37 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.44 and a beta of 0.44. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $100.31. 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’s 50-day simple moving average is $95.72 and its 200 day simple moving average is $87.56.

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, beating analysts’ consensus estimates 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 company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company posted $1.00 EPS. WEC Energy Group’s revenue was down 4.8% compared to the same quarter last year. As a group, research analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.48%. WEC Energy Group’s payout ratio is 81.66%.

Wall Street Analyst Weigh In

WEC has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays raised their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America upped their target price on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and a consensus price target of $94.45.

Insiders Place Their Bets

In other news, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now owns 3,662 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.