Aurora Investment Counsel Has $565,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Aurora Investment Counsel decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 66.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,876 shares of the utilities provider’s stock after selling 11,455 shares during the quarter. Aurora Investment Counsel’s holdings in WEC Energy Group were worth $565,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. raised its position in 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 purchasing an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new position in WEC Energy Group in the 2nd quarter valued at $29,000. Coastline Trust Co bought a new position in WEC Energy Group in the 3rd quarter valued at $29,000. William B. Walkup & Associates Inc. bought a new position in WEC Energy Group in the 2nd quarter valued at $31,000. Finally, Triad Wealth Partners LLC bought a new position in WEC Energy Group in the 2nd quarter valued at $36,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.2 %

Shares of WEC Energy Group stock opened at $99.26 on Thursday. 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 $100.31. The business has a fifty day simple moving average of $96.48 and a 200 day simple moving average of $88.64. The stock has a market cap of $31.40 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.69 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts predict 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. Shareholders of record on Thursday, November 14th will be paid a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.36%. WEC Energy Group’s payout ratio is 81.66%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective for the company. 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. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays boosted their target price on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Finally, KeyCorp boosted their target price on WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.45.

Insider Buying and Selling at WEC Energy Group

In other news, VP Mary Beth Straka sold 3,240 shares of the company’s 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 represents 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 at this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $99.40, for a total value of $179,417.00. Following the transaction, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,045 shares of company stock valued at $1,038,807. Company 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.