Wealth Enhancement Advisory Services LLC Has $19.08 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Wealth Enhancement Advisory Services LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 28.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,346 shares of the utilities provider's stock after acquiring an additional 43,799 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of WEC Energy Group worth $19,077,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WEC. American Century Companies Inc. boosted its stake in shares of 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 acquiring an additional 688,812 shares in the last quarter. Earnest Partners LLC increased its position in WEC Energy Group by 11.8% during the 2nd quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider's stock worth $153,372,000 after purchasing an additional 206,637 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in 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 purchasing an additional 61,019 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of WEC Energy Group by 1.7% in the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider's stock valued at $106,385,000 after buying an additional 22,026 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of WEC Energy Group by 9.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider's stock worth $108,458,000 after purchasing an additional 111,254 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of analyst reports. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a report on Friday, August 9th. Bank of America raised their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. Barclays upped their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a report on Monday, October 7th. KeyCorp raised their price objective on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, Scotiabank upped 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, WEC Energy Group currently has an average rating of "Hold" and a consensus target price of $94.45.

Insider Activity

In other news, VP Joshua M. Erickson sold 350 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares of the company's stock, valued at approximately $716,208.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joshua M. Erickson sold 350 shares of the stock in a transaction 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 transaction, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. The trade was 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 worth $1,078,058. 0.44% of the stock is owned by corporate insiders.

WEC Energy Group Stock Performance

Shares of NYSE WEC traded down $0.19 during mid-day trading on Monday, hitting $97.00. The company had a trading volume of 1,369,358 shares, compared to its average volume of 2,140,399. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.50 and a beta of 0.44. The firm's 50 day simple moving average is $95.12 and its two-hundred day simple moving average is $86.70. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $100.31.

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

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be issued a $0.835 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.44%. WEC Energy Group's payout ratio is currently 77.14%.

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.