Arkadios Wealth Advisors Has $1.01 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Arkadios Wealth Advisors grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 8.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,644 shares of the utilities provider’s stock after buying an additional 753 shares during the quarter. Arkadios Wealth Advisors’ holdings in WEC Energy Group were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in WEC Energy Group during the first quarter worth about $25,000. Nova Wealth Management Inc. acquired a new position in shares of WEC Energy Group during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd acquired a new position in shares of WEC Energy Group during the 2nd quarter worth approximately $26,000. Hughes Financial Services LLC bought a new position in shares of WEC Energy Group during the first quarter worth approximately $28,000. Finally, ORG Partners LLC raised its position in shares of WEC Energy Group by 65.7% in the second quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock valued at $34,000 after buying an additional 130 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $111.74 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50. WEC Energy Group, Inc. has a 52 week low of $91.94 and a 52 week high of $118.18. The stock has a market capitalization of $35.97 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.48. The stock has a fifty day moving average of $111.92 and a 200-day moving average of $108.69.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The business had revenue of $2.28 billion for the quarter. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.8925 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. WEC Energy Group’s dividend payout ratio (DPR) is currently 67.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WEC shares. KeyCorp increased their price target on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Citigroup assumed coverage on WEC Energy Group in a research report on Friday, October 3rd. They set a “buy” rating and a $131.00 target price for the company. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank upped their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Cowen began coverage on shares of WEC Energy Group in a research note on Wednesday, October 15th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.21.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 1,620 shares of the firm’s stock in a transaction 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 $2,259,960. This trade represents a 7.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 9,231 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total value of $1,023,533.28. Following the sale, the chief executive officer owned 56,443 shares in the company, valued at $6,258,399.84. This represents a 14.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.50% of the company’s stock.

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.