WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,834 shares of the utilities provider's stock after buying an additional 40,735 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of WEC Energy Group worth $26,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co purchased a new stake in WEC Energy Group during the 3rd quarter worth about $29,000. Global X Japan Co. Ltd. grew its holdings in 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 buying an additional 118 shares during the period. Olistico Wealth LLC purchased a new stake in WEC Energy Group in the 2nd quarter valued at about $29,000. William B. Walkup & Associates Inc. purchased a new stake in WEC Energy Group in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in WEC Energy Group in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity

In other news, VP William J. Guc sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. The trade was a 43.79 % decrease in their position. The sale was disclosed in a legal 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 transaction, the vice president now owns 3,662 shares of the company's stock, valued at $340,712.48. This represents a 46.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WEC shares. Bank of America lifted their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an "underperform" rating in a report on Thursday, August 29th. Jefferies Financial Group began coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a "hold" rating and a $102.00 price target for the company. Barclays lifted their price objective on WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. Scotiabank lifted 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. Finally, KeyCorp lifted their price objective on WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $94.45.

WEC Energy Group Stock Down 0.3 %

WEC traded down $0.34 on Tuesday, reaching $98.94. The company's stock had a trading volume of 492,691 shares, compared to its average volume of 2,149,692. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The business's 50 day moving average is $96.33 and its 200 day moving average is $88.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.66 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $1.00 EPS. WEC Energy Group's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be issued 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 3.38%. WEC Energy Group's dividend payout ratio 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.