WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 47.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,363 shares of the utilities provider's stock after selling 15,833 shares during the quarter. Second Half Financial Partners LLC's holdings in WEC Energy Group were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. grew its position in WEC Energy Group by 373.6% in the first quarter. Ameritas Investment Partners Inc. now owns 18,897 shares of the utilities provider's stock worth $1,552,000 after acquiring an additional 14,907 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in WEC Energy Group by 30.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,389 shares of the utilities provider's stock worth $6,191,000 after buying an additional 17,558 shares during the period. UniSuper Management Pty Ltd lifted its stake in WEC Energy Group by 379.5% in the first quarter. UniSuper Management Pty Ltd now owns 15,296 shares of the utilities provider's stock worth $1,256,000 after purchasing an additional 12,106 shares during the last quarter. Natixis boosted its position in shares of WEC Energy Group by 403.2% during the first quarter. Natixis now owns 41,272 shares of the utilities provider's stock valued at $3,389,000 after buying an additional 33,070 shares during the period. Finally, MQS Management LLC raised its holdings in shares of WEC Energy Group by 7.8% in the first quarter. MQS Management LLC now owns 3,727 shares of the utilities provider's stock worth $306,000 after buying an additional 271 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Down 0.2 %

Shares of NYSE WEC traded down $0.23 during mid-day trading on Tuesday, reaching $99.05. 1,582,582 shares of the company were exchanged, compared to its average volume of 2,154,558. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $100.31. The firm has a 50-day moving average of $96.33 and a 200 day moving average of $88.45. The stock has a market cap of $31.33 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.66 and a beta of 0.44. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group's payout ratio is presently 81.66%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 43.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the sale, the vice president now owns 3,662 shares of the company's stock, valued at $340,712.48. The trade was a 46.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Bank of America upped their price target 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. Scotiabank boosted 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 report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of WEC Energy Group in a research report on Thursday, September 19th. They set a "hold" rating and a $102.00 target price on the stock. Finally, Barclays lifted their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and a consensus target price of $94.45.

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.