19,611 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,611 shares of the utilities provider's stock, valued at approximately $1,539,000.

Other institutional investors also recently made changes to their positions in the company. Northwest Bank & Trust Co bought a new position in WEC Energy Group during the 4th quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in WEC Energy Group in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. boosted its stake 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 valued at $25,000 after purchasing an additional 118 shares during the period. Olistico Wealth LLC acquired a new position in shares of WEC Energy Group during the second quarter worth approximately $29,000. Finally, YHB Investment Advisors Inc. acquired a new position in WEC Energy Group during the 1st quarter worth $32,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Down 0.0 %

Shares of WEC stock traded down $0.01 on Thursday, hitting $94.59. The company's stock had a trading volume of 1,973,034 shares, compared to its average volume of 2,161,618. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.43 and a beta of 0.44. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $96.65. The firm's fifty day moving average price is $90.59 and its 200-day moving average price is $84.23.

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

WEC Energy Group Dividend Announcement

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

Insider Buying and Selling

In other WEC Energy Group news, VP Anthony Reese sold 1,362 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total value of $120,918.36. Following the transaction, the vice president now directly owns 1,462 shares of the company's stock, valued at approximately $129,796.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Anthony Reese sold 1,362 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the sale, the vice president now owns 1,462 shares of the company's stock, valued at approximately $129,796.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the sale, the vice president now owns 2,377 shares in the company, valued at $213,335.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,702 shares of company stock valued at $1,078,058. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WEC. BMO Capital Markets increased their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a "market perform" rating in a report on Friday, August 23rd. 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 target on the stock. Scotiabank upped their price objective on shares of 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. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Friday, August 9th. Finally, Bank of America raised their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research note on Thursday, August 29th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $91.31.

WEC Energy Group 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.