New York State Teachers Retirement System Has $25.08 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

New York State Teachers Retirement System lowered its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 260,752 shares of the utilities provider's stock after selling 40,928 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of WEC Energy Group worth $25,079,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Diversified Trust Co grew its stake in shares of WEC Energy Group by 2.7% during the first quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider's stock valued at $419,000 after purchasing an additional 134 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in WEC Energy Group by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 34,210 shares of the utilities provider's stock worth $2,809,000 after buying an additional 145 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in WEC Energy Group by 9.1% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 26,278 shares of the utilities provider's stock valued at $2,158,000 after buying an additional 2,185 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of WEC Energy Group by 39.3% in the 1st quarter. Van ECK Associates Corp now owns 106,126 shares of the utilities provider's stock valued at $8,715,000 after buying an additional 29,928 shares during the period. Finally, Norden Group LLC bought a new stake in shares of WEC Energy Group during the first quarter worth $474,000. Institutional investors own 77.20% of the company's stock.

Analyst Ratings Changes

WEC has been the subject of several recent research reports. Bank of America boosted their price objective on WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a report on Thursday, August 29th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They set a "hold" rating and a $102.00 price target for the company. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Friday, August 9th. Finally, KeyCorp increased their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $94.45.

WEC Energy Group Trading Up 0.0 %

WEC Energy Group stock traded up $0.04 during mid-day trading on Friday, hitting $95.57. 3,176,919 shares of the company's stock were exchanged, compared to its average volume of 2,153,283. The company's 50 day simple moving average is $95.49 and its 200-day simple moving average is $87.07. 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 firm has a market capitalization of $30.21 billion, a P/E ratio of 22.05, a PEG ratio of 2.47 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 released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.93 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. WEC Energy Group's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed 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 is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.49%. WEC Energy Group's payout ratio is 77.14%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. This represents 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. In other news, Director Ulice Payne, Jr. sold 750 shares of the business's stock in a transaction 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 sale, the director now owns 21,876 shares of the company's stock, valued at $1,934,932.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William J. Guc sold 6,000 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares of the company's stock, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is owned by corporate 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.