Boston Trust Walden Corp Sells 575 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Boston Trust Walden Corp decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 116,146 shares of the utilities provider’s stock after selling 575 shares during the quarter. Boston Trust Walden Corp’s holdings in WEC Energy Group were worth $10,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Coastline Trust Co bought a new position in shares of WEC Energy Group during the third quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in WEC Energy Group during the 3rd quarter worth $45,000. Friedenthal Financial acquired a new position in WEC Energy Group in the 3rd quarter valued at $50,000. Future Financial Wealth Managment LLC bought a new stake in shares of WEC Energy Group during the 3rd quarter valued at $63,000. Finally, Concord Wealth Partners grew its holdings in shares of WEC Energy Group by 20.7% during the 3rd quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.56, for a total value of $4,009,181.64. Following the completion of the transaction, the director now directly owns 273,248 shares in the company, valued at $27,204,570.88. This represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 over the last three months. Company insiders own 0.44% of the company’s stock.

WEC Energy Group Stock Up 1.4 %

NYSE:WEC opened at $100.62 on Tuesday. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company has a market cap of $31.83 billion, a PE ratio of 24.60, a P/E/G ratio of 2.50 and a beta of 0.49. The firm’s 50 day simple moving average is $96.68 and its 200 day simple moving average is $94.64.

WEC Energy Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.32%. WEC Energy Group’s dividend payout ratio is 81.66%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp boosted their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Scotiabank upped their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. BMO Capital Markets upped their target price on WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company raised their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.00.

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.