WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Entropy Technologies LP

Entropy Technologies LP boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 42.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,186 shares of the utilities provider's stock after buying an additional 8,627 shares during the period. Entropy Technologies LP's holdings in WEC Energy Group were worth $2,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its stake in shares of WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $29,000. William B. Walkup & Associates Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $31,000. Triad Wealth Partners LLC bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $36,000. Finally, ESL Trust Services LLC bought a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $37,000. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now owns 7,702 shares of the company's stock, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Mary Beth Straka sold 3,240 shares of the firm's stock in a transaction on Friday, August 30th. The stock was 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares of the company's stock, valued at approximately $716,208.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

WEC Energy Group Trading Down 0.9 %

WEC traded down $0.85 during trading on Tuesday, hitting $97.85. 1,819,729 shares of the stock were exchanged, compared to its average volume of 2,160,124. The firm has a 50 day simple moving average of $95.98 and a 200 day simple moving average of $87.92. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.51 and a beta of 0.44. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year 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.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced 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 business 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 business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.41%. WEC Energy Group's dividend payout ratio (DPR) is presently 81.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. 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 note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on 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. Wells Fargo & Company increased their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Bank of America increased their price target on WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $94.45.

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.