Fullcircle Wealth LLC Boosts Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Fullcircle Wealth LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,221 shares of the utilities provider’s stock after buying an additional 467 shares during the quarter. Fullcircle Wealth LLC’s holdings in WEC Energy Group were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WEC. American Century Companies Inc. raised its stake in WEC Energy Group by 36.7% during the 2nd quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after acquiring an additional 688,812 shares during the period. Earnest Partners LLC raised its position in shares of WEC Energy Group by 11.8% during the second quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock valued at $153,372,000 after buying an additional 206,637 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of WEC Energy Group by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider’s stock valued at $139,889,000 after buying an additional 61,019 shares during the last quarter. Clearbridge Investments LLC increased its position in WEC Energy Group by 1.7% in the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider’s stock worth $106,385,000 after purchasing an additional 22,026 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in WEC Energy Group by 9.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider’s stock worth $108,458,000 after purchasing an additional 111,254 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, VP Anthony Reese sold 1,362 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the sale, the vice president now directly owns 1,462 shares of the company’s stock, valued at $129,796.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the transaction, the vice president now directly owns 2,377 shares of the company’s stock, valued at $213,335.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total transaction of $120,918.36. Following the sale, the vice president now directly owns 1,462 shares in the company, valued at $129,796.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,702 shares of company stock worth $1,078,058 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Up 0.0 %

WEC Energy Group stock traded up $0.04 during trading hours on Friday, reaching $95.57. The stock had a trading volume of 3,176,919 shares, compared to its average volume of 2,074,579. The company has a market cap of $30.21 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.46 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.54. The business’s 50 day moving average price is $95.55 and its 200-day moving average price is $87.18. 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) last posted its quarterly earnings data 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. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be issued 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 dividend yield of 3.49%. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

Wall Street Analysts Forecast Growth

WEC has been the topic of several research reports. KeyCorp boosted their price target 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. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of 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 stock an “underperform” rating in a research note on Thursday, August 29th. Finally, Scotiabank lifted their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $94.45.

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.