DRW Securities LLC Takes Position in WEC Energy Group, Inc. (NYSE:WEC)

DRW Securities LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,476 shares of the utilities provider's stock, valued at approximately $1,392,000.

A number of other institutional investors have also added to or reduced their stakes in WEC. Massmutual Trust Co. FSB ADV grew its holdings in WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider's stock valued at $216,000 after buying an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider's stock valued at $474,000 after purchasing an additional 117 shares in the last quarter. Global X Japan Co. Ltd. increased its position in 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 purchasing an additional 118 shares during the last quarter. Drake & Associates LLC raised its stake in WEC Energy Group by 2.0% during the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider's stock valued at $598,000 after purchasing an additional 120 shares in the last quarter. Finally, Park National Corp OH lifted its position in WEC Energy Group by 3.4% during the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider's stock valued at $381,000 after purchasing an additional 130 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Mary Beth Straka sold 3,240 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were 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 of the company's stock, valued at approximately $340,712.48. This trade represents a 46.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now owns 273,248 shares of the company's stock, valued at approximately $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,034 shares of company stock valued at $5,725,969. 0.44% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

WEC stock traded up $0.20 during trading on Tuesday, hitting $101.55. 1,197,420 shares of the company traded hands, compared to its average volume of 2,145,200. 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 $101.68. The stock's 50-day simple moving average is $96.92 and its 200 day simple moving average is $89.14. The company has a market cap of $32.13 billion, a PE ratio of 24.83, a P/E/G ratio of 2.73 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The business's revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.29%. WEC Energy Group's dividend payout ratio is presently 81.66%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America increased their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an "underperform" rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Scotiabank increased their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They issued a "hold" rating and a $102.00 price objective for the company. Finally, Barclays increased their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.45.

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.