Leeward Investments LLC MA Has $14.16 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Leeward Investments LLC MA lessened its position in WEC Energy Group, Inc. (NYSE:WEC) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,224 shares of the utilities provider’s stock after selling 9,371 shares during the period. Leeward Investments LLC MA’s holdings in WEC Energy Group were worth $14,160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Global X Japan Co. Ltd. increased its stake in WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Olistico Wealth LLC bought a new stake in WEC Energy Group in the 2nd quarter valued at $29,000. William B. Walkup & Associates Inc. acquired a new position in WEC Energy Group in the 2nd quarter worth $31,000. Triad Wealth Partners LLC acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $36,000. Finally, ESL Trust Services LLC bought a new stake in shares of WEC Energy Group in the first quarter valued at about $37,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In related news, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now owns 3,662 shares of the company’s stock, valued at $340,712.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the transaction, the vice president now directly owns 3,662 shares of the company’s stock, valued at $340,712.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the transaction, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Trading Down 0.1 %

Shares of NYSE:WEC opened at $96.01 on Thursday. The stock has a market cap of $30.37 billion, a PE ratio of 23.47, a P/E/G ratio of 2.44 and a beta of 0.44. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $100.31. The business has a 50 day moving average of $95.72 and a 200-day moving average of $87.56.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. WEC Energy Group’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.835 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.48%. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of research reports. KeyCorp increased their price objective on WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Scotiabank increased their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Barclays upped their target price on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Three investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.45.

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.