17,191 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,191 shares of the utilities provider's stock, valued at approximately $1,653,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in WEC Energy Group by 36.7% during the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider's stock worth $201,328,000 after purchasing an additional 688,812 shares during the last quarter. Earnest Partners LLC increased its stake in shares of WEC Energy Group by 11.8% in the 2nd quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider's stock valued at $153,372,000 after acquiring an additional 206,637 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of WEC Energy Group by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider's stock valued at $139,889,000 after acquiring an additional 61,019 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of WEC Energy Group by 1.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider's stock valued at $106,385,000 after acquiring an additional 22,026 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of WEC Energy Group by 9.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider's stock valued at $108,458,000 after acquiring an additional 111,254 shares in the last quarter. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $1.62 during midday trading on Friday, reaching $97.19. The company had a trading volume of 1,695,501 shares, compared to its average volume of 2,144,116. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $100.31. The company's 50 day moving average price is $95.12 and its 200 day moving average price is $86.65. The stock has a market cap of $30.69 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) 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 analysts' expectations of $1.87 billion. During the same period in the previous year, the business posted $0.92 EPS. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group's dividend payout ratio is currently 72.93%.

Wall Street Analyst Weigh In

WEC has been the subject of several research analyst reports. KeyCorp lifted their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Scotiabank lifted 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 research note on Friday, August 9th. Finally, Bank of America lifted their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an "underperform" rating in a research report on Thursday, August 29th. Four 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's stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of "Hold" and an average target price of $94.45.

Insider Activity at WEC Energy Group

In other news, VP Joshua M. Erickson sold 350 shares of the company's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the sale, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP Mary Beth Straka sold 3,240 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joshua M. Erickson sold 350 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the transaction, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,702 shares of company stock worth $1,078,058. Company insiders own 0.34% of the company's stock.

WEC Energy Group Company 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.