Rehmann Capital Advisory Group Has $656,000 Stock Holdings in WEC Energy Group, Inc. $WEC

Rehmann Capital Advisory Group boosted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 11.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,291 shares of the utilities provider’s stock after buying an additional 654 shares during the period. Rehmann Capital Advisory Group’s holdings in WEC Energy Group were worth $656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC acquired a new position in WEC Energy Group in the 1st quarter valued at about $25,000. Nova Wealth Management Inc. acquired a new position in WEC Energy Group in the 1st quarter valued at about $26,000. Bayforest Capital Ltd acquired a new position in WEC Energy Group in the 2nd quarter valued at about $26,000. Hughes Financial Services LLC acquired a new position in WEC Energy Group in the 1st quarter valued at about $28,000. Finally, ORG Partners LLC grew its stake in WEC Energy Group by 65.7% in the 2nd quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock valued at $34,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WEC shares. 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 research note on Tuesday. UBS Group boosted their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Scotiabank boosted their price objective on shares of WEC Energy Group from $115.00 to $129.00 and gave the company an “outperform” rating in a report on Monday, October 6th. LADENBURG THALM/SH SH raised shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. Finally, TD Cowen assumed coverage on shares of WEC Energy Group in a report on Thursday, October 16th. They issued a “hold” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $118.83.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $115.93 on Friday. The company has a 50 day moving average of $111.15 and a 200-day moving average of $108.26. WEC Energy Group, Inc. has a 1-year low of $91.94 and a 1-year high of $118.18. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company has a market cap of $37.31 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 3.31 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued 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 company had revenue of $2.28 billion during the quarter. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 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 Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis 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 68.39%.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 9,231 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the completion of the sale, the chief executive officer owned 56,443 shares of the company’s stock, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 5,960 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $110.98, for a total transaction of $661,440.80. Following the sale, the director directly owned 274,969 shares of the company’s stock, valued at approximately $30,516,059.62. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock worth $7,581,132 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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.