Sentry Investment Management LLC Sells 281 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Sentry Investment Management LLC cut its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,373 shares of the utilities provider’s stock after selling 281 shares during the period. Sentry Investment Management LLC’s holdings in WEC Energy Group were worth $108,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its position in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 118 shares during the last quarter. Diversified Trust Co grew its holdings in shares of WEC Energy Group by 2.7% during the first quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 134 shares during the last quarter. MPS Loria Financial Planners LLC increased its stake in shares of WEC Energy Group by 2.1% in the first quarter. MPS Loria Financial Planners LLC now owns 6,704 shares of the utilities provider’s stock valued at $551,000 after buying an additional 135 shares during the period. Keystone Financial Group raised its holdings in WEC Energy Group by 4.5% in the 4th quarter. Keystone Financial Group now owns 3,211 shares of the utilities provider’s stock valued at $270,000 after buying an additional 138 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after buying an additional 142 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 0.2 %

Shares of NYSE WEC opened at $95.01 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market cap of $30.03 billion, a PE ratio of 20.74, a P/E/G ratio of 2.41 and a beta of 0.44. The company’s fifty day simple moving average is $87.79 and its 200 day simple moving average is $83.20. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $96.15.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 14th were issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Wednesday, August 14th. WEC Energy Group’s dividend payout ratio is currently 72.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WEC shares. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Scotiabank raised their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price target on WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Barclays upped their target price on WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and an average target price of $90.17.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of WEC Energy Group 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 transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the completion of the sale, the vice president now directly owns 2,377 shares of the company’s stock, valued at $213,335.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is owned by company insiders.

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.