Olistico Wealth LLC Purchases Shares of 372 WEC Energy Group, Inc. (NYSE:WEC)

Olistico Wealth LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 372 shares of the utilities provider’s stock, valued at approximately $29,000.

A number of other large investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in WEC Energy Group in the 1st quarter valued at approximately $25,000. Northwest Bank & Trust Co bought a new stake in shares of WEC Energy Group during the fourth quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of WEC Energy Group in the fourth quarter valued at $26,000. First United Bank & Trust bought a new position in WEC Energy Group in the fourth quarter worth $30,000. Finally, YHB Investment Advisors Inc. acquired a new stake in WEC Energy Group during the first quarter worth $32,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WEC shares. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. KeyCorp lowered their price objective on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Scotiabank lowered their price target on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their price objective on WEC Energy Group from $87.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, six have given 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 target price of $87.31.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the sale, the vice president now directly owns 2,377 shares of the company’s stock, valued at approximately $213,335.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

WEC Energy Group Price Performance

WEC traded up $0.48 during midday trading on Wednesday, hitting $88.95. The company had a trading volume of 2,742,722 shares, compared to its average volume of 2,180,000. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $92.23. The firm’s 50-day simple moving average is $80.81 and its 200-day simple moving average is $80.76. The company has a market capitalization of $28.12 billion, a PE ratio of 19.40, a P/E/G ratio of 2.33 and a beta of 0.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.42 and a current ratio of 0.74.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. WEC Energy Group’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Equities research analysts predict that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 14th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, August 14th. WEC Energy Group’s dividend payout ratio is 72.93%.

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.