WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,867 shares of the utilities provider’s stock after selling 501 shares during the period. Greenfield Savings Bank’s holdings in WEC Energy Group were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in WEC Energy Group by 59.6% in the 4th quarter. AdvisorNet Financial Inc now owns 4,097 shares of the utilities provider’s stock valued at $385,000 after acquiring an additional 1,530 shares in the last quarter. Tsfg LLC increased its position in shares of WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 119 shares in the last quarter. PFW Advisors LLC purchased a new position in WEC Energy Group during the 4th quarter worth approximately $1,073,000. Thomasville National Bank increased its holdings in shares of WEC Energy Group by 3.7% in the 4th quarter. Thomasville National Bank now owns 184,416 shares of the utilities provider’s stock valued at $17,342,000 after acquiring an additional 6,644 shares during the period. Finally, Matrix Trust Co acquired a new stake in WEC Energy Group during the 4th quarter worth approximately $1,538,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $93.85 on Tuesday. The company has a market cap of $29.69 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.59 and a beta of 0.48. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company has a 50-day simple moving average of $96.59 and a 200-day simple moving average of $92.72.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a yield of 3.80%. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 87.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted 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. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. KeyCorp raised their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group assumed coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective on the stock. Finally, Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.40.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the transaction, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This represents a 12.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,794 shares of company stock valued at $4,866,579 in the last ninety days. Insiders own 0.34% of the company’s stock.

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.