WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 5,348.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 238,690 shares of the utilities provider's stock after acquiring an additional 234,309 shares during the period. Braun Stacey Associates Inc. owned 0.08% of WEC Energy Group worth $22,957,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WEC. Massmutual Trust Co. FSB ADV boosted its stake in WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider's stock worth $216,000 after purchasing an additional 111 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in shares of WEC Energy Group by 2.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider's stock worth $474,000 after purchasing an additional 117 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock worth $25,000 after purchasing an additional 118 shares during the period. Drake & Associates LLC grew its position in WEC Energy Group by 2.0% in the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider's stock valued at $598,000 after buying an additional 120 shares during the last quarter. Finally, Park National Corp OH increased its stake in WEC Energy Group by 3.4% in the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider's stock valued at $381,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity

In other news, VP Mary Beth Straka sold 3,240 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the sale, the vice president now owns 3,662 shares of the company's stock, valued at approximately $340,712.48. The trade was a 46.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP William J. Guc sold 6,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares of the company's stock, valued at $716,208.98. This represents a 43.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.

WEC Energy Group Trading Up 1.1 %

Shares of WEC Energy Group stock traded up $1.12 during trading hours on Monday, reaching $99.10. 1,012,622 shares of the company's stock were exchanged, compared to its average volume of 2,152,879. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $100.31. The company has a fifty day moving average of $96.24 and a 200-day moving average of $88.34. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.44.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company earned $1.00 EPS. The firm's quarterly revenue was down 4.8% on a year-over-year basis. Sell-side analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 81.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of 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. Wells Fargo & Company lifted their price target on WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Bank of America boosted their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. Finally, Barclays upped their price target on WEC Energy Group from $86.00 to $89.00 and gave the stock an "underweight" rating in a report on Monday, October 7th. 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. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of "Hold" and an average target price of $94.45.

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.