Motley Fool Wealth Management LLC Has $1.95 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Motley Fool Wealth Management LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 23.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,751 shares of the utilities provider’s stock after selling 5,785 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in WEC Energy Group were worth $1,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WEC. Truvestments Capital LLC acquired a new stake in WEC Energy Group in the first quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new stake in WEC Energy Group in the first quarter valued at approximately $26,000. Bayforest Capital Ltd acquired a new stake in WEC Energy Group in the second quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in WEC Energy Group in the first quarter valued at approximately $28,000. Finally, ORG Partners LLC lifted its stake in WEC Energy Group by 65.7% in the second 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 last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of WEC Energy Group from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. BMO Capital Markets lifted 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 research report on Tuesday, October 21st. Citigroup initiated coverage on shares of WEC Energy Group in a research report on Friday, October 3rd. They issued a “buy” rating and a $131.00 price target on the stock. Royal Bank Of Canada set a $131.00 price target on shares of WEC Energy Group in a research report on Monday. Finally, UBS Group lifted their price target on shares of WEC Energy Group from $117.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $120.14.

WEC Energy Group Trading Down 1.2%

Shares of WEC stock opened at $115.32 on Wednesday. WEC Energy Group, Inc. has a 1 year low of $91.94 and a 1 year high of $118.18. The firm’s fifty day simple moving average is $111.66 and its 200 day simple moving average is $108.57. The firm has a market capitalization of $37.12 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47. 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 (NYSE:WEC) last announced its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business had revenue of $2.28 billion for the quarter. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Announces Dividend

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

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 5,930 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $111.14, for a total transaction of $659,060.20. Following the transaction, the executive vice president owned 6,606 shares of the company’s stock, valued at approximately $734,190.84. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 35,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.73, for a total transaction of $3,875,550.00. Following the transaction, the director directly owned 274,969 shares in the company, valued at $30,447,317.37. This trade represents a 11.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,448 shares of company stock valued at $7,581,132 in the last three months. 0.50% of the stock is owned by insiders.

WEC Energy Group Company 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.