Quantinno Capital Management LP Has $1.87 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Quantinno Capital Management LP grew its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 37.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,473 shares of the utilities provider's stock after purchasing an additional 5,322 shares during the period. Quantinno Capital Management LP's holdings in WEC Energy Group were worth $1,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank boosted its position in WEC Energy Group by 7.0% during the 3rd quarter. Czech National Bank now owns 64,388 shares of the utilities provider's stock worth $6,193,000 after acquiring an additional 4,205 shares during the last quarter. DRW Securities LLC bought a new stake in shares of WEC Energy Group in the third quarter worth $1,392,000. Motley Fool Wealth Management LLC grew its position in WEC Energy Group by 51.0% in the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock valued at $2,883,000 after purchasing an additional 10,126 shares in the last quarter. Atria Investments Inc increased its stake in WEC Energy Group by 13.8% in the 3rd quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider's stock valued at $6,047,000 after buying an additional 7,646 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in WEC Energy Group by 2,949.7% during the 2nd 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 news, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 40,269 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now owns 273,248 shares of the company's stock, valued at approximately $27,204,570.88. This represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,794 shares of company stock worth $4,866,579. 0.34% of the stock is currently owned by company insiders.

WEC Energy Group Stock Performance

WEC stock traded up $0.25 during mid-day trading on Thursday, hitting $95.86. 1,680,994 shares of the company were exchanged, compared to its average volume of 2,113,797. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $102.79. The stock has a market capitalization of $30.33 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. The business has a 50 day simple moving average of $97.68 and a 200-day simple moving average of $90.24. The company has a current ratio of 0.65, a quick ratio of 0.46 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 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the firm posted $1.00 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that WEC Energy Group, Inc. will post 4.89 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change 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

Several research analysts recently commented on the company. Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and increased their price target for the company from $90.00 to $98.00 in a research report on Thursday. Jefferies Financial Group began coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a "hold" rating and a $102.00 price objective for the company. Wells Fargo & Company boosted 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. BMO Capital Markets increased their price target on shares of WEC Energy Group from $97.00 to $104.00 and gave the company a "market perform" rating in a research note on Monday, December 2nd. Finally, KeyCorp boosted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, WEC Energy Group has a consensus rating of "Hold" and a consensus price target of $96.91.

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.