2,825 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,825 shares of the utilities provider’s stock, valued at approximately $222,000.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of WEC Energy Group in the 1st quarter worth approximately $25,000. Northwest Bank & Trust Co purchased a new stake in WEC Energy Group in the fourth quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of WEC Energy Group in the fourth quarter valued at $26,000. First United Bank & Trust bought a new position in shares of WEC Energy Group during the 4th quarter worth $30,000. Finally, Olistico Wealth LLC purchased a new stake in WEC Energy Group in the 2nd quarter worth about $29,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now owns 2,377 shares in the company, valued at $213,335.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the sale, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Anthony Reese sold 1,362 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 1,462 shares in the company, valued at approximately $129,796.36. The disclosure for this sale can be found here. Insiders have sold 2,462 shares of company stock worth $218,668 over the last ninety days. Insiders own 0.34% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE WEC traded down $0.30 during midday trading on Friday, hitting $92.66. 1,450,204 shares of the company’s stock were exchanged, compared to its average volume of 2,198,920. The business’s fifty day moving average price is $83.42 and its two-hundred day moving average price is $81.65. The company has a market cap of $29.26 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.31 and a beta of 0.41. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $93.28. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, August 14th. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Wall Street Analyst Weigh In

Several research firms have commented on WEC. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Scotiabank raised their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday. KeyCorp cut their price target on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.85.

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.