Blake Schutter Theil Wealth Advisors LLC Sells 425 Shares of WEC Energy Group, Inc. $WEC

Blake Schutter Theil Wealth Advisors LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 16.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,157 shares of the utilities provider’s stock after selling 425 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in WEC Energy Group were worth $225,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of WEC Energy Group in the 1st quarter worth about $25,000. Nova Wealth Management Inc. bought a new position in WEC Energy Group during the 1st quarter valued at about $26,000. Bayforest Capital Ltd bought a new position in WEC Energy Group during the 2nd quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in WEC Energy Group during the 1st quarter valued at about $28,000. Finally, WPG Advisers LLC bought a new position in WEC Energy Group during the 1st quarter valued at about $35,000. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 5,960 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $110.98, for a total value of $661,440.80. Following the completion of the sale, the director owned 274,969 shares of the company’s stock, valued at approximately $30,516,059.62. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $444,629.90. Following the completion of the sale, the executive vice president directly owned 5,829 shares of the company’s stock, valued at $643,113.57. The trade was a 40.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,448 shares of company stock worth $7,581,132. Insiders own 0.50% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC opened at $115.83 on Friday. The company has a 50 day moving average price of $111.32 and a 200-day moving average price of $108.39. WEC Energy Group, Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $118.18. The stock has a market capitalization of $37.28 billion, a PE ratio of 22.19, a PEG ratio of 3.27 and a beta of 0.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55.

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

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.8925 dividend. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio is presently 68.39%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cowen assumed coverage on shares of WEC Energy Group in a report on Wednesday, October 15th. They set a “hold” rating on the stock. Barclays upped their price target on shares of WEC Energy Group from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of WEC Energy Group from $114.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of WEC Energy Group in a report on Friday. Finally, TD Cowen started coverage on shares of WEC Energy Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $118.83.

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.