WEC Energy Group, Inc. $WEC Shares Acquired by BKM Wealth Management LLC

BKM Wealth Management LLC lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,045 shares of the utilities provider’s stock after purchasing an additional 170 shares during the period. BKM Wealth Management LLC’s holdings in WEC Energy Group were worth $1,984,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of WEC Energy Group by 34.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,213,304 shares of the utilities provider’s stock worth $567,727,000 after acquiring an additional 1,349,522 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in WEC Energy Group by 16.6% during the first quarter. JPMorgan Chase & Co. now owns 5,103,604 shares of the utilities provider’s stock worth $556,191,000 after purchasing an additional 726,267 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in WEC Energy Group by 0.8% in the first quarter. Ameriprise Financial Inc. now owns 4,274,385 shares of the utilities provider’s stock valued at $466,451,000 after purchasing an additional 33,810 shares in the last quarter. Northern Trust Corp increased its stake in WEC Energy Group by 4.9% in the first quarter. Northern Trust Corp now owns 4,003,464 shares of the utilities provider’s stock valued at $436,298,000 after purchasing an additional 188,057 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in WEC Energy Group during the first quarter worth approximately $403,372,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other news, EVP Molly A. Mulroy sold 4,030 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.33, for a total transaction of $444,629.90. Following the sale, the executive vice president owned 5,829 shares of the company’s stock, valued at $643,113.57. The trade was a 40.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares in the company, valued at $734,190.84. This trade represents a 47.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. Cowen started coverage on shares of WEC Energy Group in a research report on Wednesday. They issued a “hold” rating for the company. The Goldman Sachs Group downgraded WEC Energy Group from a “neutral” rating to a “sell” rating and reduced their target price for the company from $106.00 to $100.00 in a report on Wednesday, June 25th. LADENBURG THALM/SH SH raised WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Scotiabank lifted their price target on WEC Energy Group from $115.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Citigroup assumed coverage on WEC Energy Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $131.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average price target of $114.64.

WEC Energy Group Trading Up 0.6%

NYSE:WEC opened at $116.84 on Friday. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.10. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The stock’s 50 day simple moving average is $110.54 and its 200-day simple moving average is $107.96. The firm has a market cap of $37.61 billion, a P/E ratio of 22.38, a PEG ratio of 3.29 and a beta of 0.47.

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

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.39%.

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.