Lifeworks Advisors LLC Acquires 155 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Lifeworks Advisors LLC boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,775 shares of the utilities provider’s stock after buying an additional 155 shares during the quarter. Lifeworks Advisors LLC’s holdings in WEC Energy Group were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WEC. Global X Japan Co. Ltd. raised its holdings in WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new position in WEC Energy Group during the 2nd quarter worth approximately $29,000. William B. Walkup & Associates Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $31,000. Triad Wealth Partners LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $36,000. Finally, ESL Trust Services LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $37,000. Institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other news, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. This represents a 43.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, the vice president now directly owns 3,662 shares of the company’s stock, valued at $340,712.48. The trade was a 46.94 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

WEC Energy Group Trading Down 0.7 %

NYSE WEC opened at $96.13 on Friday. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.65 and a beta of 0.44. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $100.31. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The business’s fifty day moving average is $96.12 and its 200-day moving average is $88.10.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data 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 return on equity of 11.72% and a net margin of 15.14%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business posted $1.00 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WEC. BMO Capital Markets raised their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group started coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 price objective for the company. Scotiabank lifted their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, KeyCorp lifted their price target 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 analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $94.45.

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.