2,731 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WECFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,731 shares of the utilities provider’s stock, valued at approximately $257,000.

Several other institutional investors have also modified their holdings of WEC. Massmutual Trust Co. FSB ADV boosted its holdings in WEC Energy Group by 5.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 111 shares during the period. Tsfg LLC boosted its stake in shares of WEC Energy Group by 4.6% in the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock valued at $254,000 after buying an additional 119 shares during the period. Drake & Associates LLC grew its position in shares of WEC Energy Group by 2.0% during the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock worth $598,000 after buying an additional 120 shares in the last quarter. Park National Corp OH increased its stake in shares of WEC Energy Group by 3.4% during the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock worth $381,000 after buying an additional 130 shares during the period. Finally, Concord Wealth Partners raised its holdings in WEC Energy Group by 20.7% in the third quarter. Concord Wealth Partners now owns 777 shares of the utilities provider’s stock valued at $75,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 1,805 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the transaction, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,794 shares of company stock worth $4,866,579. Company insiders own 0.44% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $99.18 on Tuesday. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $102.79. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.36 and a beta of 0.48. The company has a 50-day simple moving average of $96.65 and a 200-day simple moving average of $93.26. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WECGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 4.89 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.37%. WEC Energy Group’s payout ratio is currently 81.66%.

Analyst Upgrades and Downgrades

Several research firms have commented on WEC. KeyCorp boosted their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank lifted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.40.

View Our Latest Report on WEC

WEC Energy Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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