WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 41.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,054 shares of the utilities provider’s stock after buying an additional 5,330 shares during the quarter. Raymond James Trust N.A.’s holdings in WEC Energy Group were worth $1,736,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WEC. Massmutual Trust Co. FSB ADV grew its holdings in WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after buying an additional 117 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in 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 buying an additional 118 shares during the last quarter. Drake & Associates LLC lifted its holdings in WEC Energy Group by 2.0% during the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock worth $598,000 after buying an additional 120 shares during the last quarter. Finally, Park National Corp OH boosted its position in shares of WEC Energy Group by 3.4% during the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 130 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

NYSE WEC opened at $100.66 on Friday. The firm has a market cap of $31.84 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.73 and a beta of 0.44. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $101.43. The business’s 50-day moving average price is $96.69 and its 200 day moving average price is $88.88. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

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

Wall Street Analyst Weigh In

WEC has been the topic of several research analyst reports. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. KeyCorp boosted their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America upped their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group started coverage on WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.45.

Insider Transactions at WEC Energy Group

In related news, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction that occurred on Friday, August 30th. The stock was 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 in the company, valued at $340,712.48. The trade was a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William J. Guc sold 6,000 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. The trade was a 43.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,314 shares of company stock worth $5,047,988 over the last ninety days. 0.34% of the stock is currently owned by company insiders.

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.