Vestmark Advisory Solutions Inc. Sells 423 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Vestmark Advisory Solutions Inc. decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,597 shares of the utilities provider’s stock after selling 423 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in WEC Energy Group were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in WEC Energy Group during the 4th quarter valued at $26,000. Valued Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in WEC Energy Group during the 4th quarter worth about $33,000. Authentikos Wealth Advisory LLC acquired a new stake in WEC Energy Group in the 3rd quarter valued at about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of WEC Energy Group in the third quarter worth about $38,000. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Wells Fargo & Company reduced their target price on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Royal Bank of Canada lowered their price target on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $90.00 to $84.00 in a report on Friday, February 2nd. Finally, Barclays lowered their target price on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.29.

WEC Energy Group Price Performance

Shares of WEC stock opened at $82.84 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $95.95. The firm has a fifty day moving average of $80.81 and a 200-day moving average of $81.41. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.40.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The company’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 14th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.34 dividend on an annualized basis and a yield of 4.03%. WEC Energy Group’s payout ratio is 72.93%.

Insider Buying and Selling at WEC Energy Group

In related news, Chairman Gale E. Klappa sold 37,180 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now directly owns 274,782 shares in the company, valued at $21,622,595.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now directly owns 274,782 shares of the company’s stock, valued at $21,622,595.58. The disclosure for this sale can be found here. Insiders own 0.44% 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.