LVW Advisors LLC Has $1.55 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

LVW Advisors LLC cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,082 shares of the utilities provider’s stock after selling 121 shares during the quarter. LVW Advisors LLC’s holdings in WEC Energy Group were worth $1,547,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Bank & Trust Co acquired a new stake in WEC Energy Group during the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in WEC Energy Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its position 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 worth $25,000 after buying an additional 118 shares during the period. Olistico Wealth LLC acquired a new stake in WEC Energy Group during the 2nd quarter worth approximately $29,000. Finally, William B. Walkup & Associates Inc. acquired a new stake in WEC Energy Group during the 2nd quarter worth approximately $31,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 1.4 %

Shares of WEC Energy Group stock traded up $1.31 during trading on Friday, reaching $95.26. 483,561 shares of the company traded hands, compared to its average volume of 2,149,533. The firm has a market capitalization of $30.11 billion, a PE ratio of 21.69, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a 50 day moving average price of $93.09 and a 200-day moving average price of $85.31. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $97.08.

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 analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $1.77 billion during 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%. WEC Energy Group’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.835 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.51%. WEC Energy Group’s dividend payout ratio (DPR) is presently 77.14%.

Analysts Set New Price Targets

Several research firms recently commented on WEC. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. KeyCorp boosted their price target on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Bank of America boosted their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Finally, Barclays boosted their price target 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. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.73.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the sale, the vice president now owns 1,462 shares in the company, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the transaction, the vice president now directly owns 1,462 shares in the company, valued at $129,796.36. 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 90 days, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by corporate insiders.

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.