Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 638 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,677 shares of the utilities provider’s stock after selling 638 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in WEC Energy Group were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management boosted its holdings in shares of WEC Energy Group by 3.4% during the second quarter. Brookstone Capital Management now owns 13,113 shares of the utilities provider’s stock worth $1,167,000 after acquiring an additional 432 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of WEC Energy Group in the second quarter valued at approximately $228,000. Czech National Bank raised its position in shares of WEC Energy Group by 0.4% in the second quarter. Czech National Bank now owns 37,341 shares of the utilities provider’s stock valued at $3,295,000 after buying an additional 167 shares in the last quarter. Dakota Community Bank & Trust NA acquired a new stake in shares of WEC Energy Group in the second quarter valued at approximately $27,000. Finally, Signature Wealth Management Group raised its position in shares of WEC Energy Group by 4.3% in the second quarter. Signature Wealth Management Group now owns 40,506 shares of the utilities provider’s stock valued at $3,574,000 after buying an additional 1,671 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WEC shares. Guggenheim dropped their price target on shares of WEC Energy Group from $99.00 to $94.00 in a research report on Friday, July 7th. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Wednesday, August 16th. BMO Capital Markets lowered their price objective on shares of WEC Energy Group from $98.00 to $95.00 and set a “market perform” rating for the company in a research report on Wednesday, August 2nd. KeyCorp lowered their price objective on shares of WEC Energy Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, July 19th. Finally, 888 restated a “reiterates” rating on shares of WEC Energy Group in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.83.

WEC Energy Group Price Performance

Shares of NYSE:WEC traded down $0.55 during trading on Friday, hitting $86.26. 2,351,676 shares of the company were exchanged, compared to its average volume of 1,167,947. The business’s 50 day moving average is $87.18 and its 200-day moving average is $90.33. The company has a market capitalization of $27.21 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.41. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. WEC Energy Group, Inc. has a 1-year low of $80.82 and a 1-year high of $102.49.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. WEC Energy Group had a net margin of 14.57% and a return on equity of 11.48%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. WEC Energy Group’s revenue for the quarter was down 14.0% on a year-over-year basis. Equities analysts forecast that WEC Energy Group, Inc. will post 4.61 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a dividend of $0.78 per share. The ex-dividend date was Friday, August 11th. This represents a $3.12 dividend on an annualized basis and a yield of 3.62%. WEC Energy Group’s dividend payout ratio (DPR) is currently 72.73%.

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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.