WEC Energy Group, Inc. $WEC Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,900 shares of the utilities provider’s stock after selling 5,100 shares during the period. Forsta AP Fonden’s holdings in WEC Energy Group were worth $10,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its holdings in WEC Energy Group by 1.6% in the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 92 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of WEC Energy Group by 14.3% in the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 93 shares during the last quarter. Liberty Capital Management Inc. raised its holdings in shares of WEC Energy Group by 3.8% in the 2nd quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 97 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its holdings in shares of WEC Energy Group by 1.2% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 8,281 shares of the utilities provider’s stock valued at $863,000 after purchasing an additional 97 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of WEC Energy Group by 13.5% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 840 shares of the utilities provider’s stock worth $88,000 after purchasing an additional 100 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Trading Down 0.5%

NYSE:WEC opened at $111.60 on Friday. The company has a market capitalization of $36.30 billion, a PE ratio of 21.10, a P/E/G ratio of 3.16 and a beta of 0.48. WEC Energy Group, Inc. has a 52-week low of $91.94 and a 52-week high of $118.18. The stock’s 50 day moving average price is $112.82 and its 200 day moving average price is $108.90. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29.

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 business had revenue of $2.28 billion during the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 67.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WEC shares. Wells Fargo & Company assumed coverage on WEC Energy Group in a research note on Monday, October 27th. They issued an “overweight” rating and a $124.00 price target on the stock. Citigroup initiated coverage on WEC Energy Group in a research report on Friday, October 3rd. They set a “buy” rating and a $131.00 target price on the stock. Cowen started coverage on WEC Energy Group in a research note on Wednesday, October 15th. They set a “hold” rating for the company. 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 raised their price objective on shares of WEC Energy Group from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.21.

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.