International Private Wealth Advisors LLC Sells 117 Shares of WEC Energy Group, Inc. (NYSE:WEC)

International Private Wealth Advisors LLC decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,731 shares of the utilities provider’s stock after selling 117 shares during the period. International Private Wealth Advisors LLC’s holdings in WEC Energy Group were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in WEC Energy Group by 36.7% in the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock valued at $201,328,000 after acquiring an additional 688,812 shares during the last quarter. Earnest Partners LLC lifted its position in shares of WEC Energy Group by 11.8% in the 2nd quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after purchasing an additional 206,637 shares during the period. Envestnet Asset Management Inc. increased its position in shares of WEC Energy Group by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider’s stock worth $139,889,000 after buying an additional 61,019 shares during the period. Clearbridge Investments LLC raised its stake in WEC Energy Group by 1.7% during the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider’s stock worth $106,385,000 after buying an additional 22,026 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in WEC Energy Group by 9.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider’s stock valued at $108,458,000 after buying an additional 111,254 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Down 0.9 %

Shares of WEC Energy Group stock traded down $0.84 on Thursday, hitting $96.79. The company had a trading volume of 115,872 shares, compared to its average volume of 2,152,226. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock has a 50 day moving average of $96.12 and a 200-day moving average of $88.10. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.52 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. WEC Energy Group’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s payout ratio is 81.66%.

Insider Buying and Selling at WEC Energy Group

In other news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their target price on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted their price target on WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. Bank of America lifted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Finally, KeyCorp raised their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.45.

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.