WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 932.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,209 shares of the utilities provider’s stock after acquiring an additional 29,992 shares during the quarter. Zions Bancorporation N.A.’s holdings in WEC Energy Group were worth $3,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in WEC Energy Group by 46.8% during the first quarter. QRG Capital Management Inc. now owns 11,443 shares of the utilities provider’s stock worth $940,000 after buying an additional 3,647 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of WEC Energy Group by 19.4% during the 1st quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider’s stock valued at $8,985,000 after buying an additional 17,807 shares during the period. Avantax Advisory Services Inc. lifted its holdings in WEC Energy Group by 17.0% in the first quarter. Avantax Advisory Services Inc. now owns 39,497 shares of the utilities provider’s stock valued at $3,244,000 after acquiring an additional 5,733 shares during the last quarter. Bleakley Financial Group LLC increased its stake in WEC Energy Group by 6.7% during the first quarter. Bleakley Financial Group LLC now owns 7,767 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 491 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in WEC Energy Group by 20.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 423,718 shares of the utilities provider’s stock valued at $34,796,000 after purchasing an additional 71,439 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. BMO Capital Markets lifted their target price on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. KeyCorp lifted their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Barclays increased their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Finally, StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.45.

Insider Buying and Selling at WEC Energy Group

In other news, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now owns 3,662 shares in the company, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William J. Guc sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Down 0.3 %

WEC Energy Group stock opened at $97.60 on Thursday. The company has a market capitalization of $30.88 billion, a P/E ratio of 23.86, a PEG ratio of 2.52 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The stock has a 50-day simple moving average of $96.12 and a 200-day simple moving average of $88.10.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is presently 81.66%.

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.