Free Trial

Nisa Investment Advisors LLC Sells 6,594 Shares of WEC Energy Group, Inc. (NYSE:WEC)

WEC Energy Group logo with Utilities background

Nisa Investment Advisors LLC reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 211,525 shares of the utilities provider's stock after selling 6,594 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of WEC Energy Group worth $19,892,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Czech National Bank raised its holdings in WEC Energy Group by 7.0% during the 3rd quarter. Czech National Bank now owns 64,388 shares of the utilities provider's stock worth $6,193,000 after buying an additional 4,205 shares during the period. Annex Advisory Services LLC raised its holdings in shares of WEC Energy Group by 6.5% during the fourth quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock worth $10,405,000 after acquiring an additional 6,785 shares during the period. DRW Securities LLC bought a new stake in WEC Energy Group in the 3rd quarter valued at $1,392,000. Matrix Trust Co acquired a new position in WEC Energy Group in the 4th quarter worth $1,538,000. Finally, Motley Fool Wealth Management LLC boosted its stake in WEC Energy Group by 51.0% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock worth $2,883,000 after purchasing an additional 10,126 shares during the period. Institutional investors own 77.20% of the company's stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company's stock, valued at $4,611,581.01. This represents a 12.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 40,269 shares of WEC Energy Group stock in a transaction 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 directly owns 273,248 shares of the company's stock, valued at $27,204,570.88. This represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WEC shares. KeyCorp boosted their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.40.

View Our Latest Stock Analysis on WEC Energy Group

WEC Energy Group Stock Performance

NYSE:WEC traded down $0.19 during mid-day trading on Thursday, hitting $97.39. The stock had a trading volume of 1,771,348 shares, compared to its average volume of 1,824,082. The company's 50 day simple moving average is $96.71 and its 200 day simple moving average is $93.60. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.54 and a beta of 0.48. 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, Inc. has a twelve month low of $75.13 and a twelve month high of $102.79.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.82 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 during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company posted $1.00 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, February 14th. WEC Energy Group's payout ratio is presently 81.66%.

About WEC Energy Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

Should You Invest $1,000 in WEC Energy Group Right Now?

Before you consider WEC Energy Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEC Energy Group wasn't on the list.

While WEC Energy Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Unlock the Potential in Options Trading Cover

Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Nuclear Energy’s Comeback: 7 Stocks to Watch in 2025

Nuclear Energy’s Comeback: 7 Stocks to Watch in 2025

Nuclear energy is making a resurgence! Watch to find out which seven nuclear energy stocks could deliver long-term gains in the transition to cleaner energy.

Related Videos

Pelosi Bets Big on AI: Her Top 5 Stock Picks
Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks
7 Stocks to Benefit From Trump’s Tariffs in 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines