WEC Energy Group, Inc. (NYSE:WEC) Position Increased by Moors & Cabot Inc.

Moors & Cabot Inc. increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,331 shares of the utilities provider’s stock after buying an additional 627 shares during the quarter. Moors & Cabot Inc.’s holdings in WEC Energy Group were worth $513,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WEC. Coastline Trust Co acquired a new stake in shares of WEC Energy Group in the 3rd quarter worth about $29,000. Global X Japan Co. Ltd. increased its stake in shares of WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 118 shares during the period. Olistico Wealth LLC acquired a new position in shares of WEC Energy Group during the second quarter worth approximately $29,000. William B. Walkup & Associates Inc. bought a new position in WEC Energy Group in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in WEC Energy Group in the 2nd quarter valued at approximately $36,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 research note on Friday, August 23rd. Barclays raised their target price on shares of 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 upped their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group assumed coverage on WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and an average price target of $94.45.

Insiders Place Their Bets

In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now owns 3,662 shares of the company’s stock, valued at $340,712.48. The trade was a 46.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the transaction, the director now owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,314 shares of company stock worth $5,047,988. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $100.66 on Friday. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $101.43. The stock has a market capitalization of $31.84 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.69 and a beta of 0.44. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $96.69 and its 200 day simple moving average is $88.85.

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

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is 81.66%.

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.