2,559 Shares in WEC Energy Group, Inc. $WEC Bought by Master S Wealth Management Inc.

Key Points

• Master S Wealth Management Inc. acquired 2,559 shares of WEC Energy Group, valued at approximately $267,000, signaling strong institutional interest in the utilities provider.
• Insider trading activity was notable, with EVP Daniel Krueger selling 5,930 shares and Director Gale E. Klappa selling 35,000 shares, indicating potential shifts in confidence among company executives.
• Equities research analysts have raised their price targets for WEC Energy Group, with KeyCorp increasing its target from $110.00 to $123.00, reflecting a positive outlook for the company.

Master S Wealth Management Inc. bought a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,559 shares of the utilities provider's stock, valued at approximately $267,000.

A number of other institutional investors also recently bought and sold shares of WEC. Truvestments Capital LLC bought a new position in WEC Energy Group in the 1st quarter worth $25,000. Nova Wealth Management Inc. bought a new stake in WEC Energy Group during the first quarter valued at about $26,000. Bayforest Capital Ltd bought a new stake in WEC Energy Group during the second quarter valued at about $26,000. Hughes Financial Services LLC bought a new stake in WEC Energy Group during the first quarter valued at about $28,000. Finally, ORG Partners LLC raised its holdings in WEC Energy Group by 65.7% during the second quarter. ORG Partners LLC now owns 328 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 130 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 5,930 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the transaction, the executive vice president owned 6,606 shares in the company, valued at $734,190.84. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gale E. Klappa sold 35,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.73, for a total value of $3,875,550.00. Following the transaction, the director owned 274,969 shares of the company's stock, valued at $30,447,317.37. This trade represents a 11.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. KeyCorp raised their price target on WEC Energy Group from $110.00 to $123.00 and gave the company an "overweight" rating in a report on Wednesday. Weiss Ratings reissued a "buy (b-)" rating on shares of WEC Energy Group in a report on Wednesday, October 8th. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a report on Saturday, October 4th. Citigroup began coverage on WEC Energy Group in a report on Friday, October 3rd. They issued a "buy" rating and a $131.00 target price on the stock. Finally, TD Cowen began coverage on WEC Energy Group in a report on Thursday. They issued a "hold" rating and a $125.00 target price on the stock. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $114.64.

WEC Energy Group Trading Down 0.9%

Shares of NYSE WEC opened at $116.22 on Friday. The business's 50 day moving average is $110.41 and its two-hundred day moving average is $107.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. WEC Energy Group, Inc. has a 1-year low of $91.94 and a 1-year high of $118.10. The stock has a market capitalization of $37.41 billion, a P/E ratio of 22.26, a PEG ratio of 3.31 and a beta of 0.47.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.28 billion for the quarter. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, November 14th. WEC Energy Group's payout ratio is 68.39%.

WEC Energy Group 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.

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