WINTON GROUP Ltd Boosts Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

WINTON GROUP Ltd boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,484 shares of the utilities provider’s stock after purchasing an additional 321 shares during the period. WINTON GROUP Ltd’s holdings in WEC Energy Group were worth $399,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WEC. Certified Advisory Corp purchased a new position in WEC Energy Group during the first quarter worth approximately $25,000. CSat Investment Advisory L.P. raised its stake in WEC Energy Group by 52.3% during the first quarter. CSat Investment Advisory L.P. now owns 332 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 114 shares during the period. Meridian Wealth Partners LLC raised its stake in WEC Energy Group by 59.0% during the first quarter. Meridian Wealth Partners LLC now owns 488 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 181 shares during the period. Selective Wealth Management Inc. raised its stake in WEC Energy Group by 1,612.9% during the second quarter. Selective Wealth Management Inc. now owns 531 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 500 shares during the period. Finally, Sound Income Strategies LLC raised its stake in WEC Energy Group by 49.6% during the second quarter. Sound Income Strategies LLC now owns 540 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 179 shares during the period. 72.87% of the stock is currently owned by institutional investors.

In other WEC Energy Group news, VP Joshua M. Erickson sold 1,555 shares of the firm’s stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $96.48, for a total transaction of $150,026.40. Following the completion of the transaction, the vice president now directly owns 3,618 shares of the company’s stock, valued at approximately $349,064.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

WEC Energy Group stock opened at $91.23 on Thursday. WEC Energy Group, Inc. has a 12-month low of $80.55 and a 12-month high of $106.85. The company has a market capitalization of $28.78 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 3.74 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.54. The firm’s fifty day moving average price is $94.81 and its 200 day moving average price is $93.67.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, August 3rd. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. WEC Energy Group had a net margin of 16.26% and a return on equity of 12.00%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts forecast that WEC Energy Group, Inc. will post 4.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were issued a dividend of $0.6775 per share. This represents a $2.71 annualized dividend and a yield of 2.97%. The ex-dividend date was Thursday, August 12th. WEC Energy Group’s dividend payout ratio is currently 71.50%.

A number of equities analysts have weighed in on WEC shares. Argus increased their price target on shares of WEC Energy Group from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, September 1st. Mizuho raised their target price on shares of WEC Energy Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $96.67.

WEC Energy Group Company Profile

WEC Energy Group, Inc is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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