WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 4,600 shares of the utilities provider’s stock after selling 243 shares during the period. Los Angeles Capital Management LLC’s holdings in WEC Energy Group were worth $442,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its stake in WEC Energy Group by 58.1% during 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. Olistico Wealth LLC bought a new position in shares of WEC Energy Group in the second quarter valued at $29,000. William B. Walkup & Associates Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter valued at $31,000. Triad Wealth Partners LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter worth $36,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of WEC Energy Group during the second quarter worth $38,000. Institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of recent analyst reports. Scotiabank increased their price target on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Bank of America upped their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. KeyCorp lifted their price objective 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. Finally, Jefferies Financial Group started coverage on WEC Energy Group in a research report on Thursday, September 19th. They issued a “hold” rating and a $102.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.45.

WEC Energy Group Stock Up 1.9 %

WEC opened at $97.98 on Friday. The company has a market capitalization of $31.00 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.61 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 0.46. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The business has a 50-day moving average of $96.24 and a 200-day moving average of $88.26.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.41%. WEC Energy Group’s payout ratio is currently 81.66%.

Insider Buying and Selling at WEC Energy Group

In related news, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. This trade represents a 43.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mary Beth Straka sold 3,240 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. This trade represents a 46.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

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. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.