Richard C. Young & CO. LTD. Sells 1,058 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Richard C. Young & CO. LTD. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,274 shares of the utilities provider’s stock after selling 1,058 shares during the period. Richard C. Young & CO. LTD.’s holdings in WEC Energy Group were worth $3,681,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AMG National Trust Bank bought a new position in shares of WEC Energy Group during the third quarter worth about $204,000. TrinityPoint Wealth LLC lifted its position in shares of WEC Energy Group by 1.3% in the 3rd quarter. TrinityPoint Wealth LLC now owns 10,755 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 134 shares during the period. Swiss National Bank increased its position in shares of WEC Energy Group by 0.3% during the third quarter. Swiss National Bank now owns 937,287 shares of the utilities provider’s stock worth $90,148,000 after buying an additional 3,000 shares during the period. Thrivent Financial for Lutherans raised its stake in WEC Energy Group by 17.3% during the third quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider’s stock worth $2,527,000 after buying an additional 3,880 shares during the last quarter. Finally, Claro Advisors LLC raised its stake in WEC Energy Group by 9.5% during the third quarter. Claro Advisors LLC now owns 9,610 shares of the utilities provider’s stock worth $924,000 after buying an additional 835 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC opened at $97.98 on Monday. The firm has a market capitalization of $31.00 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.66 and a beta of 0.44. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $100.31. The stock has a 50 day moving average price of $96.24 and a two-hundred day moving average price of $88.34. 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 (NYSE:WEC) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. WEC Energy Group’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Equities analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Insiders Place Their Bets

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. The trade was a 43.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the firm’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 sale, the vice president now owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The trade was a 46.94 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of recent analyst reports. Bank of America increased their price target on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. BMO Capital Markets lifted their target price on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Jefferies Financial Group assumed coverage on WEC Energy Group in a research note on Thursday, September 19th. They issued a “hold” rating and a $102.00 price target on the stock. Barclays raised their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Finally, KeyCorp boosted their target price on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $94.45.

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.