TD Private Client Wealth LLC Has $2.88 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

TD Private Client Wealth LLC raised its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 85.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,957 shares of the utilities provider's stock after buying an additional 13,797 shares during the period. TD Private Client Wealth LLC's holdings in WEC Energy Group were worth $2,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of WEC Energy Group by 7.0% during the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider's stock valued at $6,193,000 after acquiring an additional 4,205 shares during the last quarter. DRW Securities LLC purchased a new position in WEC Energy Group in the 3rd quarter valued at about $1,392,000. Motley Fool Wealth Management LLC boosted its stake in shares of WEC Energy Group by 51.0% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock worth $2,883,000 after purchasing an additional 10,126 shares during the last quarter. Atria Investments Inc grew its holdings in shares of WEC Energy Group by 13.8% during the third quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider's stock worth $6,047,000 after buying an additional 7,646 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of WEC Energy Group by 2,949.7% during the second quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider's stock worth $18,204,000 after buying an additional 224,410 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now owns 273,248 shares of the company's stock, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is owned by corporate insiders.

WEC Energy Group Price Performance

Shares of WEC stock traded up $0.25 during midday trading on Thursday, reaching $95.86. 1,680,994 shares of the company were exchanged, compared to its average volume of 2,113,797. The company's 50 day moving average price is $97.68 and its two-hundred day moving average price is $90.24. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The company has a market cap of $30.33 billion, a P/E ratio of 23.48, a PEG ratio of 2.63 and a beta of 0.46. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $102.79.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.8925 dividend. This represents a $3.57 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, February 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. WEC Energy Group's dividend payout ratio (DPR) is 81.66%.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on WEC Energy Group in a research note on Thursday, September 19th. They set a "hold" rating and a $102.00 price target on the stock. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Scotiabank raised their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Barclays increased their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an "underweight" rating in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and a consensus target price of $96.91.

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.