2,297 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) 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

WEC has been the topic of several research analyst reports. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Bank of America boosted their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their price target on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price target on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, KeyCorp boosted their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $94.45.

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) 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.