Master S Wealth Management Inc. Purchases New Position in WEC Energy Group, Inc. $WEC

Master S Wealth Management Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, Holdings Channel reports. The firm purchased 2,559 shares of the utilities provider’s stock, valued at approximately $267,000.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of WEC Energy Group in the first quarter valued at approximately $25,000. Nova Wealth Management Inc. purchased a new stake in WEC Energy Group during the first quarter worth $26,000. Bayforest Capital Ltd purchased a new stake in WEC Energy Group during the second quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in WEC Energy Group during the first quarter worth $28,000. Finally, ORG Partners LLC lifted its holdings in WEC Energy Group by 65.7% during the second quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock worth $34,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEC. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Cowen began coverage on WEC Energy Group in a report on Wednesday. They set a “hold” rating for the company. KeyCorp upped their target price on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday. LADENBURG THALM/SH SH raised WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Scotiabank upped their price target on WEC Energy Group from $115.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $114.64.

WEC Energy Group Stock Down 0.9%

WEC Energy Group stock opened at $116.22 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55. The business’s 50-day simple moving average is $110.41 and its two-hundred day simple moving average is $107.91. The company has a market cap of $37.41 billion, a PE ratio of 22.26, a PEG ratio of 3.31 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $118.10.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. The business had revenue of $2.28 billion for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.39%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,620 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $111.00, for a total transaction of $179,820.00. Following the sale, the director directly owned 20,360 shares of the company’s stock, valued at approximately $2,259,960. This trade represents a 7.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gale E. Klappa sold 5,960 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $110.98, for a total value of $661,440.80. Following the sale, the director directly owned 274,969 shares in the company, valued at $30,516,059.62. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,448 shares of company stock worth $7,581,132 in the last three months. Company insiders own 0.50% of the company’s stock.

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.