Gateway Wealth Partners LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,297 shares of the utilities provider’s stock, valued at approximately $221,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Japan Co. Ltd. grew 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 valued at $25,000 after acquiring an additional 118 shares in the last quarter. Olistico Wealth LLC purchased a new position in WEC Energy Group during the 2nd quarter valued at about $29,000. William B. Walkup & Associates Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at about $31,000. FinTrust Capital Advisors LLC grew its stake in WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in WEC Energy Group during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Insider Buying and Selling
In other news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $340,712.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ulice Payne, Jr. sold 750 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the transaction, the director now directly owns 21,876 shares in the company, valued at $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the company’s 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 transaction, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Report on WEC Energy Group
WEC Energy Group Stock Down 1.7 %
WEC opened at $95.33 on Wednesday. The business has a 50 day moving average price of $95.36 and a 200 day moving average price of $86.94. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market cap of $30.13 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44.
WEC Energy Group (NYSE:WEC – Get Free Report) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current year.
WEC Energy Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors 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 3.50%. WEC Energy Group’s dividend payout ratio (DPR) is currently 72.93%.
WEC Energy Group 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.
Featured Articles
- Five stocks we like better than WEC Energy Group
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- Canada Bond Market Holiday: How to Invest and Trade
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- What Makes a Stock a Good Dividend Stock?
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC – Free Report).
Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.