WEC Energy Group Inc (WEC) Position Lifted by Dearborn Partners LLC

Dearborn Partners LLC lifted its position in shares of WEC Energy Group Inc (NYSE:WEC) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,147 shares of the utilities provider’s stock after purchasing an additional 930 shares during the period. WEC Energy Group accounts for about 1.6% of Dearborn Partners LLC’s holdings, making the stock its 27th biggest position. Dearborn Partners LLC owned approximately 0.11% of WEC Energy Group worth $21,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ARGI Investment Services LLC bought a new position in shares of WEC Energy Group during the second quarter valued at about $870,000. Principal Financial Group Inc. lifted its position in shares of WEC Energy Group by 362.0% during the second quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock valued at $134,737,000 after purchasing an additional 1,719,955 shares in the last quarter. KBC Group NV lifted its position in shares of WEC Energy Group by 14.1% during the second quarter. KBC Group NV now owns 33,577 shares of the utilities provider’s stock valued at $2,061,000 after purchasing an additional 4,152 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of WEC Energy Group by 493.4% during the second quarter. Marshall Wace North America L.P. now owns 57,675 shares of the utilities provider’s stock valued at $3,518,000 after purchasing an additional 47,955 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of WEC Energy Group by 2.2% during the second quarter. Swiss National Bank now owns 1,720,581 shares of the utilities provider’s stock valued at $105,609,000 after purchasing an additional 37,600 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors.

In other news, VP Susan H. Martin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $66.00, for a total value of $990,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott J. Lauber sold 1,240 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total transaction of $86,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,962 shares of company stock worth $4,735,707. Insiders own 0.97% of the company’s stock.

Shares of WEC Energy Group Inc (WEC) traded down $0.35 during mid-day trading on Monday, reaching $69.14. 1,371,900 shares of the company’s stock traded hands, compared to its average volume of 1,643,965. The company has a market capitalization of $21,818.90, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 4.19 and a beta of 0.15. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. WEC Energy Group Inc has a twelve month low of $54.96 and a twelve month high of $70.09.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. analysts expect that WEC Energy Group Inc will post 3.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.01%. The ex-dividend date was Monday, November 13th. WEC Energy Group’s dividend payout ratio is 68.42%.

A number of research firms recently weighed in on WEC. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Bank of America started coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.43.

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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.

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

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