Stratos Wealth Partners LTD. Has $10.69 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Stratos Wealth Partners LTD. raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,562 shares of the utilities provider’s stock after purchasing an additional 3,766 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in WEC Energy Group were worth $10,687,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Master S Wealth Management Inc. acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at $267,000. Nordea Investment Management AB boosted its holdings in shares of WEC Energy Group by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 15,055 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 354 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of WEC Energy Group by 18.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 176,147 shares of the utilities provider’s stock valued at $18,355,000 after purchasing an additional 27,616 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of WEC Energy Group by 10.6% in the 2nd quarter. Harbour Investments Inc. now owns 44,437 shares of the utilities provider’s stock valued at $4,630,000 after purchasing an additional 4,257 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of WEC Energy Group in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. Citigroup initiated coverage on WEC Energy Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $131.00 price target for the company. Cowen initiated coverage on WEC Energy Group in a research note on Wednesday. They issued a “hold” rating for the company. TD Cowen initiated coverage on WEC Energy Group in a research note on Thursday. They issued a “hold” rating and a $125.00 price target for the company. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WEC Energy Group in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $114.64.

WEC Energy Group Stock Up 0.6%

Shares of NYSE:WEC opened at $116.84 on Friday. The firm has a market cap of $37.61 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.28 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.10. The business has a fifty day simple moving average of $110.54 and a 200 day simple moving average of $107.97.

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 return on equity of 12.90% and a net margin of 17.87%.The business had revenue of $2.28 billion during the quarter. Analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

Insider Buying and Selling

In other WEC Energy Group news, Director Gale E. Klappa sold 5,960 shares of WEC Energy Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $110.98, for a total transaction of $661,440.80. Following the completion of the transaction, the director owned 274,969 shares in the company, valued at approximately $30,516,059.62. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 1,620 shares of WEC Energy Group stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $111.00, for a total value of $179,820.00. Following the transaction, the director owned 20,360 shares of the company’s stock, valued at $2,259,960. This trade represents a 7.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,448 shares of company stock worth $7,581,132 over the last 90 days. 0.50% of the stock is owned by company insiders.

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.