WEC Energy Group, Inc. (NYSE:WEC) Position Increased by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 42.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,089 shares of the utilities provider's stock after purchasing an additional 5,416 shares during the quarter. BKM Wealth Management LLC's holdings in WEC Energy Group were worth $1,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WEC. Global X Japan Co. Ltd. grew its stake in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $29,000. William B. Walkup & Associates Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $31,000. FinTrust Capital Advisors LLC raised its position in shares of WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Finally, ESL Trust Services LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter valued at approximately $37,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 750 shares of WEC Energy Group stock in a transaction that occurred 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ulice Payne, Jr. sold 750 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $88.45, for a total transaction of $66,337.50. Following the completion of the sale, the director now directly owns 21,876 shares of the company's stock, valued at $1,934,932.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Anthony Reese sold 1,362 shares of WEC Energy Group stock in a transaction dated Wednesday, August 7th. The stock was 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 directly owns 1,462 shares in the company, valued at $129,796.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock valued at $1,078,058 in the last quarter. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on WEC shares. 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. BMO Capital Markets boosted 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 research report on Friday, August 23rd. KeyCorp increased their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays lifted their target price 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. Finally, Wells Fargo & Company upped their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and a consensus target price of $94.45.

WEC Energy Group Stock Performance

WEC traded down $1.62 during trading hours on Friday, hitting $97.19. The company's stock had a trading volume of 1,695,501 shares, compared to its average volume of 2,144,116. The company has a 50-day simple moving average of $95.12 and a 200 day simple moving average of $86.62. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $30.69 billion, a PE ratio of 21.22, a PEG ratio of 2.54 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 $100.31.

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, beating analysts' consensus estimates of $0.63 by $0.04. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect 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 will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.44%. WEC Energy Group's dividend payout ratio (DPR) is 72.93%.

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.