WEC Energy Group, Inc. $WEC Position Decreased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 23.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,751 shares of the utilities provider’s stock after selling 5,785 shares during the period. Motley Fool Wealth Management LLC’s holdings in WEC Energy Group were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $25,000. Nova Wealth Management Inc. bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $26,000. Bayforest Capital Ltd bought a new position in shares of WEC Energy Group during the 2nd quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $28,000. Finally, WPG Advisers LLC bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $35,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC opened at $115.32 on Wednesday. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.18. The company has a 50-day moving average of $111.66 and a two-hundred day moving average of $108.57. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.29 and a beta of 0.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The company had revenue of $2.28 billion during the quarter. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.39%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WEC shares. Weiss Ratings restated a “buy (b-)” rating on shares of WEC Energy Group in a research report on Wednesday, October 8th. Cowen started coverage on shares of WEC Energy Group in a research report on Wednesday, October 15th. They set a “hold” rating for the company. KeyCorp raised their price objective on shares of WEC Energy Group from $110.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. BTIG Research upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group raised their target price on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $120.14.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares in the company, valued at approximately $734,190.84. This trade represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,620 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $111.00, for a total transaction of $179,820.00. Following the sale, the director owned 20,360 shares of the company’s stock, valued at approximately $2,259,960. This represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,448 shares of company stock valued at $7,581,132 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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.