Cwm LLC Acquires 3,142 Shares of WEC Energy Group, Inc. $WEC

Key Points

• Cwm LLC increased its stake in WEC Energy Group by 16.1% in Q2, owning a total of 22,696 shares valued at approximately $2.37 million.
• Several analysts have given mixed ratings for WEC, with Citigroup issuing a "buy" rating and a price target of $131.00, while the overall consensus rating remains at "Hold".
• WEC Energy Group announced a quarterly dividend of $0.8925, to be paid on December 1st, representing an annual yield of 3.1%.

Cwm LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,696 shares of the utilities provider's stock after acquiring an additional 3,142 shares during the period. Cwm LLC's holdings in WEC Energy Group were worth $2,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WEC. Truvestments Capital LLC bought a new position in shares of WEC Energy Group in the 1st quarter valued at about $25,000. Nova Wealth Management Inc. bought a new position in shares of WEC Energy Group in the 1st quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in shares of WEC Energy Group in the 1st quarter valued at about $28,000. ORG Partners LLC grew its position in shares of WEC Energy Group by 65.7% in the 2nd 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. Finally, WPG Advisers LLC bought a new position in shares of WEC Energy Group in the 1st quarter valued at about $35,000. Institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup assumed coverage on shares of WEC Energy Group in a research report on Friday, October 3rd. They issued a "buy" rating and a $131.00 price objective for the company. Cowen assumed coverage on shares of WEC Energy Group in a research note on Wednesday. They issued a "hold" rating on the stock. LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a "neutral" rating to a "buy" rating in a research note on Monday, October 13th. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of WEC Energy Group in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and an average price target of $114.64.

WEC Energy Group Stock Performance

NYSE WEC opened at $116.84 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $37.61 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.29 and a beta of 0.47. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.10. The firm has a 50-day moving average price of $110.54 and a two-hundred day moving average price of $107.96.

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

WEC Energy Group Announces Dividend

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,620 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $111.00, for a total value of $179,820.00. Following the completion of the sale, the director owned 20,360 shares of the company's stock, valued at $2,259,960. The trade was a 7.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Molly A. Mulroy sold 4,030 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.33, for a total transaction of $444,629.90. Following the completion of the sale, the executive vice president directly owned 5,829 shares of the company's stock, valued at $643,113.57. This represents a 40.88% 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 worth $7,581,132. Company insiders own 0.50% of the company's stock.

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.

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