2,193 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Second Line Capital LLC

Second Line Capital LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, Holdings Channel.com reports. The firm acquired 2,193 shares of the utilities provider’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in shares of WEC Energy Group by 4.0% during the third quarter. Rehmann Capital Advisory Group now owns 5,036 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 192 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in WEC Energy Group by 85.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 29,957 shares of the utilities provider’s stock valued at $2,881,000 after buying an additional 13,797 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in WEC Energy Group by 31.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,689 shares of the utilities provider’s stock valued at $356,000 after buying an additional 888 shares during the period. Geode Capital Management LLC grew its stake in WEC Energy Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider’s stock worth $762,453,000 after acquiring an additional 105,580 shares in the last quarter. Finally, Vestcor Inc increased its position in shares of WEC Energy Group by 5.1% during the third quarter. Vestcor Inc now owns 83,569 shares of the utilities provider’s stock worth $8,038,000 after acquiring an additional 4,093 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the transaction, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the completion of the transaction, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,204,570.88. This trade represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,794 shares of company stock valued at $4,866,579. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WEC. KeyCorp increased their price objective 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. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price 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. Scotiabank boosted their price target 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. Finally, Barclays increased their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $96.18.

WEC Energy Group Trading Up 0.0 %

Shares of NYSE:WEC opened at $97.15 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The firm has a market capitalization of $30.73 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.63 and a beta of 0.46. The business’s 50-day moving average is $97.69 and its 200 day moving average is $90.09. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $102.79.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS 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 analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. On average, research analysts predict that WEC Energy Group, Inc. will post 4.89 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.8925 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, February 14th. This represents a $3.57 dividend on an annualized basis and a yield of 3.67%. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

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.