Robeco Institutional Asset Management B.V. Has $2.01 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 32.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,871 shares of the utilities provider's stock after selling 10,213 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in WEC Energy Group were worth $2,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IAG Wealth Partners LLC lifted its holdings in shares of WEC Energy Group by 3.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 4,889 shares of the utilities provider's stock worth $470,000 after purchasing an additional 182 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in WEC Energy Group by 14.2% in the third quarter. Janney Montgomery Scott LLC now owns 69,286 shares of the utilities provider's stock valued at $6,664,000 after buying an additional 8,628 shares during the last quarter. Prossimo Advisors LLC boosted its holdings in shares of WEC Energy Group by 10.6% during the third quarter. Prossimo Advisors LLC now owns 4,383 shares of the utilities provider's stock valued at $422,000 after acquiring an additional 420 shares during the period. First Interstate Bank bought a new position in shares of WEC Energy Group during the third quarter worth about $243,000. Finally, Fullcircle Wealth LLC lifted its position in WEC Energy Group by 5.3% in the 3rd quarter. Fullcircle Wealth LLC now owns 9,221 shares of the utilities provider's stock valued at $894,000 after purchasing an additional 467 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the subject of several recent analyst reports. StockNews.com upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price 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. Barclays increased their price target on WEC Energy Group from $86.00 to $89.00 and gave the stock an "underweight" rating in a research note on Monday, October 7th. Bank of America lifted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an "underperform" rating in a research note on Thursday, August 29th. Finally, KeyCorp increased their target price on shares of WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $94.45.

Insider Transactions at WEC Energy Group

In other news, VP Mary Beth Straka sold 3,240 shares of the firm'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 completion of the sale, the vice president now owns 3,662 shares of the company's stock, valued at $340,712.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the sale, the vice president now owns 7,702 shares of the company's stock, valued at approximately $716,208.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Price Performance

NYSE:WEC traded up $2.26 during trading hours on Friday, reaching $97.59. 2,485,149 shares of the company's stock were exchanged, compared to its average volume of 2,177,856. The company has a market capitalization of $30.87 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $100.31. The business's 50-day simple moving average is $95.87 and its two-hundred day simple moving average is $87.77. 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 (NYSE:WEC - Get Free Report) last issued its 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 business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the previous year, the firm posted $1.00 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, November 14th. WEC Energy Group's payout ratio is 81.66%.

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.