Trilogy Capital Inc. Lowers Stake in WEC Energy Group Inc (WEC)

Trilogy Capital Inc. cut its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,668 shares of the utilities provider’s stock after selling 972 shares during the period. Trilogy Capital Inc.’s holdings in WEC Energy Group were worth $645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Securian Asset Management Inc grew its stake in shares of WEC Energy Group by 12.2% during the 2nd quarter. Securian Asset Management Inc now owns 56,293 shares of the utilities provider’s stock valued at $3,639,000 after buying an additional 6,105 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of WEC Energy Group by 245.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,426 shares of the utilities provider’s stock valued at $351,000 after buying an additional 3,856 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of WEC Energy Group by 120.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 141,498 shares of the utilities provider’s stock valued at $9,148,000 after buying an additional 77,330 shares during the period. North Star Investment Management Corp. grew its stake in shares of WEC Energy Group by 6.8% during the 3rd quarter. North Star Investment Management Corp. now owns 14,311 shares of the utilities provider’s stock valued at $955,000 after buying an additional 909 shares during the period. Finally, Dearborn Partners LLC grew its stake in shares of WEC Energy Group by 1.4% during the 3rd quarter. Dearborn Partners LLC now owns 303,461 shares of the utilities provider’s stock valued at $20,259,000 after buying an additional 4,076 shares during the period. 73.49% of the stock is owned by institutional investors.

In other WEC Energy Group news, insider Frederick D. Kuester sold 168,790 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $66.94, for a total value of $11,298,802.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara L. Bowles sold 2,500 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $66.45, for a total transaction of $166,125.00. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

NYSE:WEC opened at $67.88 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95. The firm has a market cap of $22.01 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 4.78 and a beta of 0.02. WEC Energy Group Inc has a twelve month low of $58.48 and a twelve month high of $72.09.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. Sell-side analysts forecast that WEC Energy Group Inc will post 3.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 14th will be issued a $0.5525 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.21 dividend on an annualized basis and a yield of 3.26%. WEC Energy Group’s dividend payout ratio is currently 70.38%.

WEC has been the subject of several research reports. Scotia Howard Weill initiated coverage on shares of WEC Energy Group in a research note on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 price objective for the company. Zacks Investment Research lowered shares of WEC Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Citigroup set a $66.00 target price on shares of WEC Energy Group and gave the company a “neutral” rating in a report on Wednesday, October 3rd. Wells Fargo & Co lifted their target price on shares of WEC Energy Group from $71.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Finally, Howard Weil began coverage on shares of WEC Energy Group in a report on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $70.27.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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