Keybank National Association OH Sells 3,207 Shares of WEC Energy Group, Inc. $WEC

Keybank National Association OH cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 13.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,037 shares of the utilities provider’s stock after selling 3,207 shares during the period. Keybank National Association OH’s holdings in WEC Energy Group were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WEC. Mather Group LLC. boosted its holdings in WEC Energy Group by 55.6% in the 1st quarter. Mather Group LLC. now owns 1,663 shares of the utilities provider’s stock worth $181,000 after buying an additional 594 shares during the period. Teacher Retirement System of Texas boosted its holdings in WEC Energy Group by 1,462.9% in the 1st quarter. Teacher Retirement System of Texas now owns 46,247 shares of the utilities provider’s stock worth $5,040,000 after buying an additional 43,288 shares during the period. D.A. Davidson & CO. lifted its stake in WEC Energy Group by 11.9% in the 1st quarter. D.A. Davidson & CO. now owns 15,709 shares of the utilities provider’s stock worth $1,712,000 after purchasing an additional 1,669 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in WEC Energy Group by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,974 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 218 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in WEC Energy Group by 1.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 8,724 shares of the utilities provider’s stock worth $951,000 after purchasing an additional 134 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WEC. Scotiabank increased their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank Of Canada set a $131.00 target price on shares of WEC Energy Group in a research note on Monday, October 27th. BTIG Research upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Wednesday, October 22nd. LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Finally, Barclays increased their target price on shares of WEC Energy Group from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $120.21.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 5,930 shares of WEC Energy Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the transaction, the executive vice president owned 6,606 shares in the company, valued at $734,190.84. This trade represents a 47.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott J. Lauber sold 9,231 shares of WEC Energy Group stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the completion of the transaction, the chief executive officer owned 56,443 shares in the company, valued at approximately $6,258,399.84. The trade was a 14.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,741 shares of company stock worth $2,523,854 in the last 90 days. 0.50% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $111.74 on Friday. The firm’s fifty day moving average price is $111.92 and its 200-day moving average price is $108.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.50. The stock has a market cap of $35.97 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. The firm had revenue of $2.28 billion for the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm 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 $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 67.49%.

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.