SYM FINANCIAL Corp Acquires 188 Shares of WEC Energy Group, Inc. (NYSE:WEC)

SYM FINANCIAL Corp raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,091 shares of the utilities provider’s stock after acquiring an additional 188 shares during the quarter. SYM FINANCIAL Corp’s holdings in WEC Energy Group were worth $490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC increased its holdings in shares of WEC Energy Group by 106,685.0% in the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider’s stock worth $2,500,680,000 after purchasing an additional 25,975,652 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of WEC Energy Group by 102.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock worth $362,971,000 after purchasing an additional 1,912,223 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of WEC Energy Group by 36.7% in the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after purchasing an additional 688,812 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of WEC Energy Group by 11.8% in the second quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after purchasing an additional 206,637 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of WEC Energy Group by 57.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,238 shares of the utilities provider’s stock worth $182,765,000 after purchasing an additional 695,317 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Trading Up 0.1 %

WEC opened at $98.35 on Thursday. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 2.67 and a beta of 0.46. The stock’s 50 day moving average price is $97.57 and its 200-day moving average price is $89.74. WEC Energy Group, Inc. has a one year low of $75.13 and a one year 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.

WEC Energy Group (NYSE:WEC) last released its 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. The firm had revenue of $1.86 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, equities analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Thursday, November 14th were paid a $0.835 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.40%. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WEC. Barclays lifted their target price 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 upped their price objective on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. KeyCorp upped their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday. Scotiabank upped their price objective on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets upped their price objective on WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $95.55.

Insider Buying and Selling

In other WEC Energy Group news, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 45,709 shares in the company, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock valued at $4,866,579 over the last quarter. 0.34% of the stock is owned by corporate insiders.

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.