Thomas Story & Son LLC Has $6.64 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Thomas Story & Son LLC raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,614 shares of the utilities provider’s stock after acquiring an additional 400 shares during the period. WEC Energy Group comprises about 2.9% of Thomas Story & Son LLC’s investment portfolio, making the stock its 16th largest holding. Thomas Story & Son LLC’s holdings in WEC Energy Group were worth $6,639,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in shares of WEC Energy Group during the first quarter worth about $25,000. Northwest Bank & Trust Co bought a new position in shares of WEC Energy Group during the 4th quarter worth approximately $25,000. First United Bank & Trust bought a new stake in shares of WEC Energy Group in the fourth quarter worth $30,000. Olistico Wealth LLC bought a new stake in WEC Energy Group during the 2nd quarter worth about $29,000. Finally, YHB Investment Advisors Inc. bought a new position in WEC Energy Group in the first quarter valued at approximately $32,000. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 750 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the transaction, the director now owns 21,876 shares in the company, valued at approximately $1,934,932.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ulice Payne, Jr. sold 750 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $88.45, for a total value of $66,337.50. Following the transaction, the director now owns 21,876 shares in the company, valued at $1,934,932.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. The disclosure for this sale can be found here. Insiders sold 11,702 shares of company stock worth $1,078,058 over the last ninety days. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

WEC has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Barclays upped their price target on shares of WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Scotiabank increased their price objective on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, KeyCorp dropped their price objective on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $89.77.

WEC Energy Group Price Performance

Shares of NYSE WEC traded up $0.51 during mid-day trading on Wednesday, hitting $94.14. 279,727 shares of the stock traded hands, compared to its average volume of 2,169,703. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $94.99. The firm has a 50 day simple moving average of $85.45 and a two-hundred day simple moving average of $82.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.74 and a quick ratio of 0.54. The company has a market cap of $29.76 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44.

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

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th were paid a $0.835 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.55%. WEC Energy Group’s payout ratio is 72.93%.

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.