Journey Advisory Group LLC Sells 161 Shares of WEC Energy Group, Inc. $WEC

Journey Advisory Group LLC lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,264 shares of the utilities provider’s stock after selling 161 shares during the period. Journey Advisory Group LLC’s holdings in WEC Energy Group were worth $3,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Drive Wealth Management LLC bought a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $240,000. Beverly Hills Private Wealth LLC raised its stake in shares of WEC Energy Group by 3.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 17,587 shares of the utilities provider’s stock worth $1,833,000 after purchasing an additional 544 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of WEC Energy Group by 1.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 200,914 shares of the utilities provider’s stock worth $20,935,000 after purchasing an additional 3,119 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of WEC Energy Group by 20.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,388 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 398 shares in the last quarter. Finally, BKM Wealth Management LLC raised its stake in shares of WEC Energy Group by 0.9% during the 2nd quarter. BKM Wealth Management LLC now owns 19,045 shares of the utilities provider’s stock worth $1,984,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WEC. KeyCorp upped their price objective on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Scotiabank increased their price target on WEC Energy Group from $115.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Cowen initiated coverage on WEC Energy Group in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, TD Cowen initiated coverage on WEC Energy Group in a research note on Thursday. They issued a “hold” rating and a $125.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.64.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Anthony Reese sold 4,177 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.30, for a total value of $460,723.10. Following the transaction, the vice president directly owned 1,757 shares of the company’s stock, valued at $193,797.10. This represents a 70.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Molly A. Mulroy sold 4,030 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the transaction, the executive vice president directly owned 5,829 shares in the company, valued at approximately $643,113.57. This represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by company insiders.

WEC Energy Group Stock Up 0.6%

WEC opened at $116.84 on Monday. WEC Energy Group, Inc. has a 1-year low of $91.94 and a 1-year high of $118.10. The stock’s fifty day simple moving average is $110.54 and its 200 day simple moving average is $107.96. 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 has a market cap of $37.61 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47.

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

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 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%.

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.