Pacer Advisors Inc. Sells 5,731 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Pacer Advisors Inc. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,557 shares of the utilities provider's stock after selling 5,731 shares during the quarter. Pacer Advisors Inc.'s holdings in WEC Energy Group were worth $3,653,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwest Bank & Trust Co bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of WEC Energy Group during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. boosted its position in shares of WEC Energy Group by 58.1% during the second 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 in the last quarter. Olistico Wealth LLC bought a new stake in shares of WEC Energy Group during the second quarter valued at approximately $29,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of WEC Energy Group during the first quarter valued at approximately $32,000. 77.20% of the stock is currently owned by institutional investors.

Insider Activity at WEC Energy Group

In related news, VP William J. Guc sold 6,000 shares of the company's 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 completion of the sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP William J. Guc sold 6,000 shares of the company's 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 completion of the sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the business'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 sale, the vice president now directly owns 3,662 shares of the company's stock, valued at approximately $340,712.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Up 0.1 %

Shares of WEC stock traded up $0.07 during mid-day trading on Wednesday, hitting $94.61. The company's stock had a trading volume of 1,283,871 shares, compared to its average volume of 2,162,638. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $96.65. The business has a 50-day moving average price of $90.34 and a 200 day moving average price of $84.15. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.45 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. WEC Energy Group's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. Research analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 14th were given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Wednesday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 72.93%.

Analysts Set New Price Targets

WEC has been the topic of several research reports. 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 research report on Thursday, August 29th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. 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. BMO Capital Markets lifted their price objective on WEC Energy Group from $91.00 to $93.00 and gave the company a "market perform" rating in a research note on Friday, August 23rd. Finally, KeyCorp lifted their price objective on WEC Energy Group from $95.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of "Hold" and an average price target of $91.31.

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.