Pathway Financial Advisers LLC Buys 481 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Pathway Financial Advisers LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,672 shares of the utilities provider’s stock after purchasing an additional 481 shares during the period. Pathway Financial Advisers LLC’s holdings in WEC Energy Group were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Marshall Financial Group LLC raised its holdings in WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after buying an additional 100 shares during the period. Tsfg LLC increased its position in WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 119 shares during the last quarter. Drake & Associates LLC raised its stake in shares of WEC Energy Group by 2.0% in the third 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 during the period. Concord Wealth Partners lifted its holdings in shares of WEC Energy Group by 20.7% in the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 133 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in shares of WEC Energy Group by 1.3% during the 3rd quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 134 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the transaction, the director now directly owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. KeyCorp increased their target price 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. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Finally, Scotiabank raised their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $101.88.

WEC Energy Group Trading Down 0.2 %

NYSE WEC opened at $102.47 on Thursday. The company’s 50-day simple moving average is $96.80 and its two-hundred day simple moving average is $95.60. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The company has a market capitalization of $32.42 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.60.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 69.15%.

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.