Trust Co. of Toledo NA OH Sells 400 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Trust Co. of Toledo NA OH lessened its position in WEC Energy Group, Inc. (NYSE:WEC) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,089 shares of the utilities provider’s stock after selling 400 shares during the period. Trust Co. of Toledo NA OH’s holdings in WEC Energy Group were worth $556,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of WEC Energy Group in the 4th quarter worth about $983,000. Dearborn Partners LLC lifted its position in shares of WEC Energy Group by 29.2% in the 4th quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after purchasing an additional 131,797 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of WEC Energy Group by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock worth $27,391,000 after purchasing an additional 19,867 shares during the period. Vaughan David Investments LLC IL lifted its position in shares of WEC Energy Group by 3.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after purchasing an additional 14,084 shares during the period. Finally, Alley Investment Management Company LLC lifted its position in shares of WEC Energy Group by 324.5% in the 4th quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock worth $3,304,000 after purchasing an additional 30,009 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.3 %

Shares of NYSE WEC traded up $0.28 during midday trading on Tuesday, hitting $88.47. The stock had a trading volume of 2,211,586 shares, compared to its average volume of 2,176,239. The business’s 50 day moving average is $80.64 and its 200-day moving average is $80.70. The company has a market cap of $27.96 billion, a P/E ratio of 19.35, a PEG ratio of 2.33 and a beta of 0.41. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $92.23. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, analysts predict that WEC Energy Group, Inc. will post 4.88 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.78%. WEC Energy Group’s payout ratio is 72.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WEC shares. Scotiabank dropped their target price on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on shares of WEC Energy Group from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their price objective on shares of WEC Energy Group from $87.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, KeyCorp dropped their price objective on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.31.

WEC Energy Group 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.