WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 38.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403 shares of the utilities provider’s stock after selling 253 shares during the period. Future Financial Wealth Managment LLC’s holdings in WEC Energy Group were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Coastline Trust Co acquired a new position in WEC Energy Group in the 3rd quarter valued at about $29,000. William B. Walkup & Associates Inc. acquired a new stake in WEC Energy Group during the second quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL acquired a new position in WEC Energy Group in the 2nd quarter valued at $38,000. Ashton Thomas Securities LLC purchased a new position in shares of WEC Energy Group during the 3rd quarter worth $45,000. Finally, Friedenthal Financial purchased a new stake in shares of WEC Energy Group in the third quarter valued at $50,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WEC has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group began coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price on the stock. BMO Capital Markets increased their target price on shares of WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research report on Monday, December 2nd. Wells Fargo & Company raised their target price 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. Finally, Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $98.40.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 1,805 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the transaction, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Performance

WEC stock traded up $0.24 during mid-day trading on Monday, reaching $93.65. The company had a trading volume of 749,041 shares, compared to its average volume of 1,654,834. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The stock has a market capitalization of $29.63 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.59 and a beta of 0.48. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $96.61 and its two-hundred day simple moving average is $92.62.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business posted $1.00 EPS. WEC Energy Group’s revenue was down 4.8% on a year-over-year basis. Research analysts anticipate that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a dividend of $0.8925 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s payout ratio is currently 87.29%.

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.