World Investment Advisors Has $2.51 Million Stake in WEC Energy Group, Inc. $WEC

World Investment Advisors grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,087 shares of the utilities provider’s stock after buying an additional 3,319 shares during the quarter. World Investment Advisors’ holdings in WEC Energy Group were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Horizon Investment Services LLC acquired a new position in WEC Energy Group during the first quarter worth $379,000. Los Angeles Capital Management LLC increased its position in WEC Energy Group by 2,964.9% during the first quarter. Los Angeles Capital Management LLC now owns 108,651 shares of the utilities provider’s stock worth $11,841,000 after buying an additional 105,106 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in WEC Energy Group during the first quarter worth $10,333,000. DAVENPORT & Co LLC increased its position in WEC Energy Group by 55.0% during the first quarter. DAVENPORT & Co LLC now owns 35,710 shares of the utilities provider’s stock worth $3,892,000 after buying an additional 12,665 shares during the last quarter. Finally, OLD Republic International Corp increased its position in WEC Energy Group by 1.2% during the first quarter. OLD Republic International Corp now owns 336,279 shares of the utilities provider’s stock worth $36,648,000 after buying an additional 3,948 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.8%

Shares of NYSE:WEC opened at $112.52 on Friday. The company has a market cap of $36.22 billion, a P/E ratio of 21.56, a P/E/G ratio of 3.23 and a beta of 0.47. The stock’s 50-day moving average is $111.85 and its 200-day moving average is $108.65. WEC Energy Group, Inc. has a 52-week low of $91.94 and a 52-week high of $118.18. 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 issued its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (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. Equities research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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 paid a $0.8925 dividend. This represents a $3.57 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.39%.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 5,930 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the sale, the executive vice president owned 6,606 shares in the company, valued at approximately $734,190.84. This trade represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,620 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $111.00, for a total transaction of $179,820.00. Following the completion of the sale, the director owned 20,360 shares of the company’s stock, valued at approximately $2,259,960. The trade was a 7.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,741 shares of company stock worth $2,523,854 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WEC. Royal Bank Of Canada set a $131.00 target price on shares of WEC Energy Group in a research report on Monday. KeyCorp increased their target price on shares of WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. BTIG Research raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of WEC Energy Group in a research report on Wednesday, October 8th. Finally, BMO Capital Markets raised their price target on 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. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $120.14.

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.