UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 268,680 Shares of WEC Energy Group, Inc. (NYSE:WEC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,315,867 shares of the utilities provider's stock after selling 268,680 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.42% of WEC Energy Group worth $126,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its stake in WEC Energy Group by 106,685.0% during the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock worth $2,500,680,000 after acquiring an additional 25,975,652 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of WEC Energy Group by 102.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock worth $362,971,000 after buying an additional 1,912,223 shares during the period. American Century Companies Inc. lifted its stake in shares of WEC Energy Group by 36.7% in the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider's stock valued at $201,328,000 after purchasing an additional 688,812 shares during the period. Assenagon Asset Management S.A. lifted its position in WEC Energy Group by 151.7% during the third quarter. Assenagon Asset Management S.A. now owns 583,990 shares of the utilities provider's stock valued at $56,168,000 after purchasing an additional 351,972 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of WEC Energy Group by 10,220.1% during the 3rd quarter. International Assets Investment Management LLC now owns 303,515 shares of the utilities provider's stock worth $29,192,000 after acquiring an additional 300,574 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Down 1.4 %

Shares of WEC traded down $1.44 during trading on Monday, reaching $99.61. The company's stock had a trading volume of 1,512,965 shares, compared to its average volume of 2,134,092. The company has a market cap of $31.51 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.75 and a beta of 0.46. The company has a fifty day moving average of $97.33 and a two-hundred day moving average of $89.49. 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, Inc. has a twelve month low of $75.13 and a twelve 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 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 the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm's quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, November 14th. WEC Energy Group's dividend payout ratio is 81.66%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WEC. Barclays boosted their target price 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. StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Friday, November 1st. BMO Capital Markets boosted their target price on WEC Energy Group from $97.00 to $104.00 and gave the stock a "market perform" rating in a report on Monday. KeyCorp upped their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Bank of America upped 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $95.45.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction 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 approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $99.40, for a total value of $179,417.00. Following the completion of the transaction, the director now owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,794 shares of company stock valued at $4,866,579. 0.44% of the stock is currently owned by insiders.

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.