2,929 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Isthmus Partners LLC

Isthmus Partners LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,929 shares of the utilities provider’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WEC. Global X Japan Co. Ltd. boosted its stake in WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new position in WEC Energy Group during the 2nd quarter worth approximately $29,000. Coastline Trust Co bought a new position in WEC Energy Group during the 3rd quarter worth approximately $29,000. William B. Walkup & Associates Inc. bought a new position in WEC Energy Group during the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC bought a new position in WEC Energy Group during the 2nd quarter worth approximately $36,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

NYSE WEC opened at $101.05 on Friday. 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, Inc. has a 12-month low of $75.13 and a 12-month high of $102.79. The company has a market capitalization of $31.97 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.44. The firm’s 50 day moving average is $97.33 and its 200-day moving average is $89.42.

WEC Energy Group (NYSE:WEC) last released 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 net margin of 15.14% and a return on equity of 11.72%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $1.00 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. Equities research analysts anticipate 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 announced 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. The ex-dividend date is Thursday, November 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.31%. WEC Energy Group’s dividend payout ratio is presently 81.66%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 1,805 shares of WEC Energy Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the transaction, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,794 shares of company stock valued at $4,866,579. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on WEC shares. BMO Capital Markets raised their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays raised their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Finally, KeyCorp raised their target price 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $94.45.

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.