WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 51.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 596 shares of the utilities provider’s stock after selling 642 shares during the quarter. New Age Alpha Advisors LLC’s holdings in WEC Energy Group were worth $65,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Clearstead Trust LLC grew its position in WEC Energy Group by 2.2% in the first quarter. Clearstead Trust LLC now owns 18,993 shares of the utilities provider’s stock valued at $2,070,000 after acquiring an additional 412 shares in the last quarter. Commonwealth Equity Services LLC grew its position in WEC Energy Group by 3.9% in the first quarter. Commonwealth Equity Services LLC now owns 209,174 shares of the utilities provider’s stock valued at $22,796,000 after acquiring an additional 7,861 shares in the last quarter. Manchester Capital Management LLC grew its position in WEC Energy Group by 14.3% in the first quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 93 shares in the last quarter. Pathway Financial Advisers LLC grew its position in WEC Energy Group by 3.2% in the first quarter. Pathway Financial Advisers LLC now owns 18,229 shares of the utilities provider’s stock valued at $1,987,000 after acquiring an additional 557 shares in the last quarter. Finally, SPC Financial Inc. grew its position in WEC Energy Group by 10.1% in the first quarter. SPC Financial Inc. now owns 7,242 shares of the utilities provider’s stock valued at $789,000 after acquiring an additional 663 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on WEC Energy Group from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Barclays increased their target price on WEC Energy Group from $99.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. UBS Group set a $107.00 target price on WEC Energy Group and gave the company a “neutral” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and reduced their target price for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.40.

WEC Energy Group Stock Performance

Shares of WEC opened at $109.73 on Tuesday. The business’s fifty day moving average price is $106.38 and its 200 day moving average price is $105.89. WEC Energy Group, Inc. has a 12-month low of $87.71 and a 12-month high of $111.90. The stock has a market capitalization of $35.32 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 3.03 and a beta of 0.42. 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 (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Thursday, August 14th will be paid a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.39%.

Insider Buying and Selling

In other WEC Energy Group news, VP Anthony Reese sold 4,177 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.30, for a total value of $460,723.10. Following the sale, the vice president directly owned 1,757 shares in the company, valued at approximately $193,797.10. This trade represents a 70.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 61,372 shares of company stock valued at $6,789,843 in the last three months. 0.50% of the stock is owned by corporate 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.