Pathway Financial Advisers LLC Makes New Investment in WEC Energy Group, Inc. (NYSE:WEC)

Pathway Financial Advisers LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,191 shares of the utilities provider's stock, valued at approximately $1,653,000.

Several other hedge funds also recently bought and sold shares of the company. Diversified Trust Co raised its holdings in shares of WEC Energy Group by 2.7% in the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider's stock valued at $419,000 after acquiring an additional 134 shares in the last quarter. State of Alaska Department of Revenue lifted its position in WEC Energy Group by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 34,210 shares of the utilities provider's stock valued at $2,809,000 after purchasing an additional 145 shares during the last quarter. Norden Group LLC bought a new stake in WEC Energy Group during the first quarter valued at approximately $9,095,000. Leeward Investments LLC MA grew its stake in WEC Energy Group by 4.0% in the 1st quarter. Leeward Investments LLC MA now owns 163,685 shares of the utilities provider's stock worth $13,442,000 after buying an additional 6,288 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its holdings in shares of WEC Energy Group by 6.6% in the 1st quarter. Kesler Norman & Wride LLC now owns 18,470 shares of the utilities provider's stock worth $1,517,000 after buying an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WEC shares. Scotiabank lifted 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. KeyCorp upped their target price on WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. Bank of America boosted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a report on Thursday, August 29th. Finally, Barclays increased their target price 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. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $94.45.

WEC Energy Group Trading Down 0.2 %

Shares of WEC stock traded down $0.17 during mid-day trading on Wednesday, reaching $95.16. The stock had a trading volume of 944,420 shares, compared to its average volume of 2,132,390. The firm has a market capitalization of $30.08 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. The stock's 50-day moving average price is $95.36 and its two-hundred day moving average price is $86.94. 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, Inc. has a 52-week low of $75.13 and a 52-week high of $100.31.

WEC Energy Group (NYSE:WEC - Get Free Report) last released 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 business had revenue of $1.77 billion during 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%. WEC Energy Group's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. Equities 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 firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.51%. WEC Energy Group's dividend payout ratio is presently 72.93%.

Insider Buying and Selling

In related news, VP Anthony Reese sold 1,362 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total transaction of $120,918.36. Following the transaction, the vice president now owns 1,462 shares in the company, valued at $129,796.36. 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 is available through this hyperlink. In other news, VP Anthony Reese sold 1,362 shares of the firm's stock in a transaction that occurred on 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 owns 1,462 shares in the company, valued at $129,796.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now owns 3,662 shares of the company's stock, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,702 shares of company stock valued at $1,078,058 over the last quarter. 0.34% of the stock is owned by company insiders.

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.