Annex Advisory Services LLC Has $9.99 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Annex Advisory Services LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 103,859 shares of the utilities provider's stock after buying an additional 6,739 shares during the period. Annex Advisory Services LLC's holdings in WEC Energy Group were worth $9,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Czech National Bank grew its position in WEC Energy Group by 7.0% during the third 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. Lantz Financial LLC boosted its position in WEC Energy Group by 324.9% during the first quarter. Lantz Financial LLC now owns 28,454 shares of the utilities provider's stock worth $2,337,000 after purchasing an additional 21,758 shares in the last quarter. Quadrature Capital Ltd grew its holdings in WEC Energy Group by 18.2% in the fourth quarter. Quadrature Capital Ltd now owns 38,980 shares of the utilities provider's stock valued at $3,282,000 after purchasing an additional 5,994 shares during the last quarter. Brookstone Capital Management grew its holdings in WEC Energy Group by 789.0% in the first quarter. Brookstone Capital Management now owns 125,219 shares of the utilities provider's stock valued at $10,283,000 after purchasing an additional 111,134 shares during the last quarter. Finally, Keystone Financial Planning Inc. purchased a new position in shares of WEC Energy Group in the first quarter valued at $7,116,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WEC shares. KeyCorp raised their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Jefferies Financial Group started 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. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Scotiabank boosted their target price 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. Finally, BMO Capital Markets lifted their price target 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. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $93.73.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 750 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the completion of the sale, the director now directly owns 21,876 shares in the company, valued at approximately $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the completion of the transaction, the vice president now owns 1,462 shares in the company, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 750 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the completion of the sale, the director now owns 21,876 shares of the company's stock, valued at approximately $1,934,932.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded up $1.50 on Friday, hitting $95.45. The company's stock had a trading volume of 1,766,585 shares, compared to its average volume of 2,064,188. The stock's 50-day moving average is $93.20 and its two-hundred day moving average is $85.46. The company has a market capitalization of $30.15 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $97.08.

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

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th were given a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, August 14th. WEC Energy Group's payout ratio is currently 72.93%.

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.