Zions Bancorporation N.A. Grows Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Zions Bancorporation N.A. lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 932.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,209 shares of the utilities provider's stock after purchasing an additional 29,992 shares during the period. Zions Bancorporation N.A.'s holdings in WEC Energy Group were worth $3,194,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Czech National Bank grew its holdings in WEC Energy Group by 7.0% in 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. Intech Investment Management LLC grew its holdings in WEC Energy Group by 335.4% in the 1st quarter. Intech Investment Management LLC now owns 54,090 shares of the utilities provider's stock worth $4,442,000 after acquiring an additional 41,668 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in WEC Energy Group by 20.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 423,718 shares of the utilities provider's stock worth $34,796,000 after acquiring an additional 71,439 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in WEC Energy Group by 19.4% in the 1st quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider's stock worth $8,985,000 after acquiring an additional 17,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of WEC Energy Group by 2,949.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider's stock worth $18,204,000 after purchasing an additional 224,410 shares during the period. Institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

WEC has been the subject of several research analyst reports. KeyCorp raised their target price on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an "underperform" rating in a research report on Thursday, August 29th. Wells Fargo & Company lifted 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. StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Scotiabank lifted their target price on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.45.

WEC Energy Group Stock Performance

NYSE WEC traded down $0.67 during trading hours on Thursday, hitting $96.13. 1,461,156 shares of the company's stock traded hands, compared to its average volume of 2,158,313. The business's fifty day moving average price is $96.12 and its two-hundred day moving average price is $88.10. 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 $30.41 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.52 and a beta of 0.44. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $100.31.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. Equities research analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.47%. WEC Energy Group's dividend payout ratio (DPR) is 81.66%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares of the company's stock, valued at $716,208.98. The trade was a 43.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Mary Beth Straka sold 3,240 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William J. Guc sold 6,000 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. The trade was a 43.79 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company 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.