Kiker Wealth Management LLC Sells 108 Shares of WEC Energy Group, Inc. $WEC

Kiker Wealth Management LLC trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,812 shares of the utilities provider’s stock after selling 108 shares during the quarter. Kiker Wealth Management LLC’s holdings in WEC Energy Group were worth $397,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WEC. Truvestments Capital LLC bought a new stake in shares of WEC Energy Group during the 1st quarter valued at about $25,000. Nova Wealth Management Inc. bought a new stake in shares of WEC Energy Group during the 1st quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in shares of WEC Energy Group during the 1st quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of WEC Energy Group during the 1st quarter valued at approximately $32,000. Finally, ORG Partners LLC grew its stake in shares of WEC Energy Group by 65.7% during the 2nd quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 130 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WEC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of WEC Energy Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Scotiabank boosted their price objective on WEC Energy Group from $115.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group downgraded WEC Energy Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. Finally, LADENBURG THALM/SH SH upgraded WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average target price of $112.20.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 5,930 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $111.14, for a total transaction of $659,060.20. Following the sale, the executive vice president directly owned 6,606 shares of the company’s stock, valued at $734,190.84. This represents a 47.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Molly A. Mulroy sold 4,030 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.33, for a total value of $444,629.90. Following the sale, the executive vice president directly owned 5,829 shares in the company, valued at $643,113.57. This trade represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,448 shares of company stock worth $7,581,132. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Stock Down 0.1%

NYSE WEC opened at $115.02 on Tuesday. The stock’s 50 day moving average is $110.02 and its 200 day moving average is $107.74. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a 12 month low of $91.94 and a 12 month high of $115.90. The stock has a market cap of $37.02 billion, a PE ratio of 22.03, a P/E/G ratio of 3.16 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.28 billion for the quarter. Research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were issued a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group’s dividend payout ratio is 68.39%.

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.