Quest Partners LLC Boosts Stake in WEC Energy Group, Inc. (NYSE:WEC)

Quest Partners LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 568,300.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,420 shares of the utilities provider’s stock after purchasing an additional 28,415 shares during the quarter. Quest Partners LLC’s holdings in WEC Energy Group were worth $2,230,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its stake in shares of WEC Energy Group by 2.7% in the first quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock valued at $419,000 after buying an additional 134 shares in the last quarter. MPS Loria Financial Planners LLC grew its position in WEC Energy Group by 2.1% in the 1st quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider’s stock valued at $551,000 after acquiring an additional 135 shares in the last quarter. Keystone Financial Group increased its stake in WEC Energy Group by 4.5% during the fourth quarter. Keystone Financial Group now owns 3,211 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 138 shares during the period. FinTrust Capital Advisors LLC lifted its position in shares of WEC Energy Group by 52.6% during the first quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of WEC Energy Group by 2.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,876 shares of the utilities provider’s stock valued at $554,000 after purchasing an additional 142 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the business’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 completion of the sale, the vice president now owns 3,662 shares in the company, valued at $340,712.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the sale, the vice president now owns 3,662 shares in the company, valued at $340,712.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,702 shares of company stock worth $1,078,058. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

WEC has been the topic of several recent research reports. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Scotiabank upped their price objective on 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. BMO Capital Markets increased their price objective 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. KeyCorp lowered their target price on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Barclays upped their price target on WEC Energy Group from $80.00 to $86.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $89.77.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $93.65 on Monday. The stock’s 50-day simple moving average is $86.40 and its 200-day simple moving average is $82.80. The firm has a market capitalization of $29.60 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $95.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were paid a $0.835 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.34 annualized dividend and a yield of 3.57%. WEC Energy Group’s dividend payout ratio is presently 72.93%.

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.