Valmark Advisers Inc. Sells 204 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Valmark Advisers Inc. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,730 shares of the utilities provider’s stock after selling 204 shares during the quarter. Valmark Advisers Inc.’s holdings in WEC Energy Group were worth $840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Global X Japan Co. Ltd. increased its position 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 worth $25,000 after purchasing an additional 118 shares during the last quarter. Olistico Wealth LLC purchased a new position in WEC Energy Group in the 2nd quarter worth approximately $29,000. William B. Walkup & Associates Inc. bought a new position in shares of WEC Energy Group in the 2nd quarter worth $31,000. FinTrust Capital Advisors LLC raised its position in shares of WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Finally, ESL Trust Services LLC bought a new stake in shares of WEC Energy Group during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $96.03 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $95.44 and a 200-day moving average price of $87.01. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $100.31.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $0.92 EPS. WEC Energy Group’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.48%. WEC Energy Group’s dividend payout ratio is presently 72.93%.

Wall Street Analyst Weigh In

WEC has been the topic of a number of research reports. Wells Fargo & Company raised their price target on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Scotiabank upped their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America lifted 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. Finally, BMO Capital Markets upped their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average price target of $94.45.

Insider Buying and Selling

In other WEC Energy Group news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the completion of the transaction, the vice president now directly owns 1,462 shares in the company, valued at approximately $129,796.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Anthony Reese sold 1,362 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total value of $120,918.36. Following the completion of the transaction, the vice president now owns 1,462 shares of the company’s stock, valued at approximately $129,796.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,702 shares of company stock valued at $1,078,058 over the last quarter. 0.34% of the stock is owned by company insiders.

WEC Energy Group Company 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.