Patriot Financial Group Insurance Agency LLC Invests $651,000 in WEC Energy Group, Inc. (NYSE:WEC)

Patriot Financial Group Insurance Agency LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,771 shares of the utilities provider's stock, valued at approximately $651,000.

Several other large investors also recently added to or reduced their stakes in WEC. Concord Wealth Partners lifted its position in WEC Energy Group by 20.7% during the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider's stock valued at $75,000 after purchasing an additional 133 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of WEC Energy Group by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,720 shares of the utilities provider's stock worth $3,531,000 after acquiring an additional 2,370 shares during the last quarter. TCV Trust & Wealth Management Inc. purchased a new position in WEC Energy Group in the third quarter worth $201,000. Wealth Enhancement Advisory Services LLC increased its stake in WEC Energy Group by 28.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 198,346 shares of the utilities provider's stock valued at $19,077,000 after acquiring an additional 43,799 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in WEC Energy Group during the third quarter valued at about $1,653,000. Institutional investors own 77.20% of the company's stock.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the sale, the vice president now directly owns 2,377 shares in the company, valued at $213,335.75. This trade 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 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 sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the company's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock worth $1,078,058 over the last 90 days. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. KeyCorp increased their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They set a "hold" rating and a $102.00 target price on the stock. Finally, Bank of America lifted their target price 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. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $94.45.

WEC Energy Group Trading Down 1.7 %

Shares of WEC Energy Group stock traded down $1.67 during trading on Tuesday, reaching $95.33. 1,654,287 shares of the stock were exchanged, compared to its average volume of 2,138,073. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The firm has a market cap of $30.13 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock's fifty day moving average is $95.26 and its 200 day moving average is $86.83.

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

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Thursday, November 14th. WEC Energy Group's payout ratio is 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.