Motley Fool Wealth Management LLC Acquires 10,126 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Motley Fool Wealth Management LLC increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 51.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,978 shares of the utilities provider's stock after purchasing an additional 10,126 shares during the quarter. Motley Fool Wealth Management LLC's holdings in WEC Energy Group were worth $2,883,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WEC. Coastline Trust Co acquired a new position in WEC Energy Group in the third quarter valued at approximately $29,000. Global X Japan Co. Ltd. lifted its holdings in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock valued at $25,000 after buying an additional 118 shares during the period. William B. Walkup & Associates Inc. acquired a new position in WEC Energy Group in the second quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new position in WEC Energy Group in the second quarter valued at approximately $36,000. Finally, Ashton Thomas Securities LLC acquired a new position in WEC Energy Group in the third quarter valued at approximately $45,000. 77.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares of the company's stock, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 273,248 shares in the company, valued at $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Down 0.1 %

WEC Energy Group stock traded down $0.09 during mid-day trading on Wednesday, reaching $98.13. The company's stock had a trading volume of 1,040,055 shares, compared to its average volume of 2,125,709. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.71 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. The business's 50 day simple moving average is $97.50 and its 200 day simple moving average is $89.68. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 EPS 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%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th were paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, November 14th. WEC Energy Group's dividend payout ratio (DPR) is 81.66%.

Wall Street Analyst Weigh In

WEC has been the topic of several analyst reports. StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Bank of America increased their target price 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. Barclays increased their target price 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. Finally, KeyCorp increased their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $95.55.

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.