305 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Coastline Trust Co

Coastline Trust Co acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 305 shares of the utilities provider’s stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of WEC. Czech National Bank grew its holdings in shares of WEC Energy Group by 7.0% during the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock worth $6,193,000 after buying an additional 4,205 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of WEC Energy Group by 19.4% in the 1st quarter. Russell Investments Group Ltd. now owns 109,421 shares of the utilities provider’s stock valued at $8,985,000 after purchasing an additional 17,807 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of WEC Energy Group by 2,949.7% in the second quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider’s stock valued at $18,204,000 after purchasing an additional 224,410 shares during the period. RFG Advisory LLC raised its stake in shares of WEC Energy Group by 35.0% during the second quarter. RFG Advisory LLC now owns 29,446 shares of the utilities provider’s stock worth $2,310,000 after purchasing an additional 7,640 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of WEC Energy Group by 13.8% during the third quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after purchasing an additional 7,646 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. KeyCorp lifted their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price objective on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Bank of America boosted their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Stock Performance

Shares of WEC opened at $97.98 on Monday. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $100.31. The stock has a market cap of $31.00 billion, a P/E ratio of 23.96, a PEG ratio of 2.66 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $96.24 and a two-hundred day moving average of $88.34.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. As a group, research analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.41%. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Insiders Place Their Bets

In related news, VP Mary Beth Straka sold 3,240 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the transaction, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. This represents a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP William J. Guc sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the sale, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. This represents a 43.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% 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.