Asset Management One Co. Ltd. Buys 5,427 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Asset Management One Co. Ltd. raised its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,934 shares of the utilities provider's stock after purchasing an additional 5,427 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of WEC Energy Group worth $16,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WEC. Global X Japan Co. Ltd. raised its stake in shares of WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 118 shares in the last quarter. Olistico Wealth LLC purchased a new stake in WEC Energy Group in the 2nd quarter valued at approximately $29,000. William B. Walkup & Associates Inc. acquired a new stake in WEC Energy Group in the second quarter valued at $31,000. Triad Wealth Partners LLC purchased a new stake in WEC Energy Group during the second quarter worth about $36,000. Finally, ESL Trust Services LLC purchased a new position in shares of WEC Energy Group in the first quarter valued at $37,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Wall Street Analyst Weigh In

WEC has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Scotiabank raised their price objective on WEC Energy Group from $90.00 to $103.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Barclays boosted their target price on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an "underweight" rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group started coverage on WEC Energy Group in a research report on Thursday, September 19th. They issued a "hold" rating and a $102.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $94.45.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, the vice president now directly owns 3,662 shares in the company, valued at $340,712.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP William J. Guc sold 6,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares of the company's stock, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the sale, the vice president now owns 3,662 shares of the company's stock, valued at $340,712.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,990 shares of company stock valued at $925,727. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

WEC Energy Group stock traded up $0.26 during midday trading on Wednesday, hitting $96.36. The company's stock had a trading volume of 1,896,366 shares, compared to its average volume of 2,154,236. The company has a market cap of $30.48 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $100.31. The company has a 50-day moving average price of $95.66 and a two-hundred day moving average price of $87.51.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business earned $1.00 EPS. The company's revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.47%. WEC Energy Group's dividend payout ratio is 81.66%.

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.