WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,286 shares of the utilities provider's stock after purchasing an additional 8,628 shares during the quarter. Janney Montgomery Scott LLC's holdings in WEC Energy Group were worth $6,664,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its position in WEC Energy Group by 58.1% during the 2nd 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 in the last quarter. Olistico Wealth LLC acquired a new stake in WEC Energy Group in the second quarter valued at approximately $29,000. William B. Walkup & Associates Inc. purchased a new stake in shares of WEC Energy Group during the second quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new position in shares of WEC Energy Group during the second quarter worth $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. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WEC Energy Group

In related news, VP Mary Beth Straka sold 3,240 shares of the firm'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 value of $301,449.60. Following the sale, the vice president now directly owns 3,662 shares in the company, valued at $340,712.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Mary Beth Straka sold 3,240 shares of the 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 completion of the transaction, the vice president now 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 filing with the SEC, which is available at this hyperlink. Also, VP William J. Guc sold 6,000 shares of the business'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 sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on WEC. BMO Capital Markets boosted their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a "market perform" rating in a report on Friday, August 23rd. StockNews.com raised 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 note on Tuesday, August 20th. Barclays upped their target price on WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research report on Monday, October 7th. Finally, KeyCorp raised their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $94.45.

WEC Energy Group Stock Performance

NYSE:WEC traded up $2.26 during midday trading on Friday, reaching $97.59. 2,485,149 shares of the company traded hands, compared to its average volume of 2,161,737. The firm has a market capitalization of $30.87 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.47 and a beta of 0.44. The company has a fifty day moving average price of $95.87 and a 200 day moving average price of $87.73. 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 twelve month low of $75.13 and a twelve month high of $100.31.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts expect that WEC Energy Group, Inc. will post 4.87 EPS 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. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.42%. WEC Energy Group's dividend payout ratio (DPR) is presently 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.