BKM Wealth Management LLC Has $1.74 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

BKM Wealth Management LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,089 shares of the utilities provider’s stock after buying an additional 5,416 shares during the period. BKM Wealth Management LLC’s holdings in WEC Energy Group were worth $1,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its position in shares of WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 118 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of WEC Energy Group during the second quarter worth approximately $29,000. William B. Walkup & Associates Inc. acquired a new position in WEC Energy Group in the 2nd quarter valued at approximately $31,000. FinTrust Capital Advisors LLC lifted its position in WEC Energy Group by 52.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after buying an additional 142 shares in the last quarter. Finally, ESL Trust Services LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter valued at $37,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $97.19 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $94.97 and a 200 day moving average price of $86.51. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.54 and a beta of 0.44. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. WEC Energy Group’s revenue was down 3.2% compared to the same quarter last year. Research analysts predict 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 declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.44%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on shares of 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. Scotiabank raised their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $94.45.

Insiders Place Their Bets

In other news, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the sale, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the sale, the vice president now owns 2,377 shares of the company’s stock, valued at $213,335.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the 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 completion of the transaction, the vice president now directly owns 3,662 shares of the company’s stock, valued at $340,712.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is currently 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.