Centennial Wealth Advisory LLC Has $353,000 Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Centennial Wealth Advisory LLC lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,671 shares of the utilities provider’s stock after buying an additional 221 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in WEC Energy Group were worth $353,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 118 shares during the period. Olistico Wealth LLC bought a new position in shares of WEC Energy Group in the second quarter valued at $29,000. William B. Walkup & Associates Inc. bought a new position in shares of WEC Energy Group during the second quarter valued at about $31,000. ESL Trust Services LLC bought a new position in shares of WEC Energy Group during the first quarter valued at about $37,000. Finally, Triad Wealth Partners LLC bought a new position in shares of WEC Energy Group during the second quarter valued at about $36,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 750 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $88.45, for a total transaction of $66,337.50. Following the transaction, the director now owns 21,876 shares in the company, valued at approximately $1,934,932.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group 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 sale, the director now owns 21,876 shares of the company’s stock, valued at $1,934,932.20. 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 have sold 9,990 shares of company stock valued at $925,727. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on WEC shares. Barclays lifted their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. KeyCorp lifted their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Scotiabank lifted their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets lifted 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 research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $94.45.

WEC Energy Group Price Performance

WEC Energy Group stock traded down $0.34 during mid-day trading on Wednesday, hitting $95.76. 114,809 shares of the company traded hands, compared to its average volume of 2,145,950. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $100.31. The stock has a market cap of $30.29 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock has a fifty day moving average price of $95.66 and a 200-day moving average price of $87.51.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. On average, equities analysts predict that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is presently 81.66%.

About WEC Energy Group

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.