129,295 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 129,295 shares of the utilities provider's stock, valued at approximately $12,436,000.

Other hedge funds have also bought and sold shares of the company. Coastline Trust Co bought a new stake in WEC Energy Group during the third quarter valued at about $29,000. Global X Japan Co. Ltd. boosted 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 worth $25,000 after acquiring an additional 118 shares during the period. Olistico Wealth LLC bought a new position in shares of WEC Energy Group in the second quarter worth about $29,000. William B. Walkup & Associates Inc. bought a new position in shares of WEC Energy Group in the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new position in shares of WEC Energy Group in the second quarter worth about $36,000. Institutional investors own 77.20% of the company's stock.

Insider Activity

In other news, VP Mary Beth Straka sold 3,240 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now owns 3,662 shares of the company's stock, valued at approximately $340,712.48. This represents a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP William J. Guc sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 43.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WEC shares. Wells Fargo & Company upped their price objective on WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Bank of America boosted their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. KeyCorp boosted their target price on WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Scotiabank boosted their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, Barclays boosted their target price on WEC Energy Group from $86.00 to $89.00 and gave the stock an "underweight" rating in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.45.

WEC Energy Group Trading Down 0.2 %

WEC stock traded down $0.23 during midday trading on Tuesday, reaching $99.05. 1,582,610 shares of the company traded hands, compared to its average volume of 2,154,558. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $100.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The business has a 50 day moving average of $96.33 and a 200-day moving average of $88.45. The firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.66 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.12. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 4.87 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 Sunday, December 1st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.37%. WEC Energy Group's dividend payout ratio is 81.66%.

About WEC Energy Group

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.