WEC Energy Group, Inc. $WEC Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 50.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,684 shares of the utilities provider's stock after selling 4,728 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in WEC Energy Group were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $25,000. Nova Wealth Management Inc. purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $26,000. Hughes Financial Services LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $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 buying an additional 130 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $35,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.6%

WEC stock opened at $116.84 on Monday. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $118.10. The stock has a market capitalization of $37.61 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55. The company has a fifty day moving average of $110.54 and a 200-day moving average of $107.96.

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

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.8925 dividend. 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 dividend payout ratio (DPR) is 68.39%.

Insider Buying and Selling

In related news, EVP Molly A. Mulroy sold 4,030 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the sale, the executive vice president owned 5,829 shares in the company, valued at $643,113.57. This trade represents a 40.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Krueger sold 5,930 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the sale, the executive vice president owned 6,606 shares of the company's stock, valued at $734,190.84. This trade represents a 47.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WEC shares. The Goldman Sachs Group downgraded shares of WEC Energy Group from a "neutral" rating to a "sell" rating and dropped their target price for the company from $106.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group raised their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Cowen began coverage on shares of WEC Energy Group in a research report on Wednesday. They set a "hold" rating on the stock. LADENBURG THALM/SH SH raised shares of WEC Energy Group from a "neutral" rating to a "buy" rating in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of WEC Energy Group in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $114.64.

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.

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