Federated Investors Inc. PA Lowers Position in WEC Energy Group Inc (WEC)

Federated Investors Inc. PA cut its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,452 shares of the utilities provider’s stock after selling 793 shares during the period. Federated Investors Inc. PA’s holdings in WEC Energy Group were worth $437,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Hedeker Wealth LLC purchased a new stake in shares of WEC Energy Group during the third quarter valued at approximately $207,000. Country Trust Bank boosted its stake in shares of WEC Energy Group by 6.9% in the third quarter. Country Trust Bank now owns 2,036 shares of the utilities provider’s stock valued at $122,000 after buying an additional 132 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of WEC Energy Group by 22.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 2,221 shares of the utilities provider’s stock worth $130,000 after buying an additional 400 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of WEC Energy Group during the fourth quarter worth about $135,000. Finally, First Command Bank bought a new stake in shares of WEC Energy Group during the fourth quarter worth about $136,000. 69.55% of the stock is owned by institutional investors and hedge funds.

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

Shares of WEC Energy Group Inc (NYSE:WEC) traded up 0.89% on Friday, hitting $60.30. The stock had a trading volume of 2,681,679 shares. The company has a market cap of $19.03 billion, a PE ratio of 20.37 and a beta of 0.06. The stock’s 50-day moving average price is $60.21 and its 200 day moving average price is $58.38. WEC Energy Group Inc has a 52 week low of $53.66 and a 52 week high of $66.10.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.01. WEC Energy Group had a net margin of 12.58% and a return on equity of 10.63%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that WEC Energy Group Inc will post $3.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.48%. WEC Energy Group’s payout ratio is 70.51%.

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A number of brokerages have issued reports on WEC. Zacks Investment Research cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank AG upped their target price on WEC Energy Group from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Wolfe Research cut WEC Energy Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 2nd. Finally, Mizuho cut WEC Energy Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $63.00 to $59.00 in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. WEC Energy Group has an average rating of “Hold” and a consensus price target of $63.80.

In other news, Director Gale E. Klappa sold 41,060 shares of WEC Energy Group stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $60.24, for a total value of $2,473,454.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott J. Lauber sold 6,650 shares of WEC Energy Group stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $61.50, for a total value of $408,975.00. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

5 Day Chart for NYSE:WEC

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