Axxcess Wealth Management LLC Has $288,000 Holdings in WEC Energy Group, Inc. $WEC

Axxcess Wealth Management LLC lowered its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 66.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,766 shares of the utilities provider’s stock after selling 5,590 shares during the quarter. Axxcess Wealth Management LLC’s holdings in WEC Energy Group were worth $288,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. NorthRock Partners LLC increased its stake in WEC Energy Group by 2.5% in the 2nd quarter. NorthRock Partners LLC now owns 12,332 shares of the utilities provider’s stock valued at $1,284,000 after buying an additional 302 shares during the period. Verdence Capital Advisors LLC increased its stake in WEC Energy Group by 1.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after buying an additional 92 shares during the period. Sequoia Financial Advisors LLC increased its stake in WEC Energy Group by 12.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,224 shares of the utilities provider’s stock valued at $753,000 after buying an additional 799 shares during the period. CWM LLC increased its stake in WEC Energy Group by 16.1% in the 2nd quarter. CWM LLC now owns 22,696 shares of the utilities provider’s stock valued at $2,365,000 after buying an additional 3,142 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in WEC Energy Group by 27.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,253 shares of the utilities provider’s stock valued at $4,303,000 after buying an additional 8,873 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC stock opened at $116.84 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $37.61 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 3.29 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $91.94 and a 12 month high of $118.10. The firm has a 50 day moving average of $110.54 and a two-hundred day moving average of $107.96.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. The company had revenue of $2.28 billion during the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio is currently 68.39%.

Analyst Upgrades and Downgrades

WEC has been the topic of several research reports. UBS Group upped their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group lowered shares of WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. KeyCorp upped their price objective on shares of WEC Energy Group from $110.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen assumed coverage on shares of WEC Energy Group in a research report on Thursday. They issued a “hold” rating and a $125.00 target price for the company. Finally, Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus target price of $114.64.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 5,930 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares of the company’s stock, valued at approximately $734,190.84. This represents a 47.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,620 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $111.00, for a total transaction of $179,820.00. Following the sale, the director directly owned 20,360 shares of the company’s stock, valued at approximately $2,259,960. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,448 shares of company stock worth $7,581,132 in the last quarter. 0.50% of the stock is owned by corporate insiders.

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.