Investment Management of Virginia LLC boosted its stake in shares of WEC Energy Group Inc. (NYSE:WEC) by 0.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,840 shares of the company’s stock after buying an additional 5 shares during the period. Investment Management of Virginia LLC’s holdings in WEC Energy Group were worth $1,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of WEC Energy Group by 3.6% in the third quarter. Nisa Investment Advisors LLC now owns 321,160 shares of the company’s stock valued at $19,231,000 after buying an additional 11,100 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of WEC Energy Group by 9.9% in the third quarter. Capstone Asset Management Co. now owns 54,740 shares of the company’s stock valued at $3,278,000 after buying an additional 4,927 shares in the last quarter. Legacy Private Trust Co. purchased a new position in shares of WEC Energy Group during the third quarter valued at approximately $238,000. Creative Planning raised its position in shares of WEC Energy Group by 17.5% in the third quarter. Creative Planning now owns 43,621 shares of the company’s stock valued at $2,612,000 after buying an additional 6,509 shares in the last quarter. Finally, Reilly Herbert Faulkner III raised its position in shares of WEC Energy Group by 3.9% in the third quarter. Reilly Herbert Faulkner III now owns 70,608 shares of the company’s stock valued at $4,228,000 after buying an additional 2,656 shares in the last quarter. 68.70% of the stock is owned by institutional investors and hedge funds.

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

WEC Energy Group Inc. (NYSE:WEC) traded up 2.62% during midday trading on Monday, reaching $58.04. The company had a trading volume of 1,812,909 shares. The company has a market capitalization of $18.32 billion, a P/E ratio of 19.92 and a beta of 0.06. The firm has a 50-day moving average of $57.28 and a 200 day moving average of $60.69. WEC Energy Group Inc. has a 1-year low of $47.98 and a 1-year high of $66.10.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. WEC Energy Group had a return on equity of 10.76% and a net margin of 12.58%. The business earned $1.71 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts forecast that WEC Energy Group Inc. will post $2.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 9th. WEC Energy Group’s dividend payout ratio is 68.04%.

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Several equities analysts have recently weighed in on the company. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a report on Wednesday, November 9th. Guggenheim assumed coverage on WEC Energy Group in a report on Thursday, November 3rd. They set a “buy” rating and a $63.00 price target for the company. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, October 19th. Finally, Argus restated a “buy” rating and set a $70.00 price target (up from $65.00) on shares of WEC Energy Group in a report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $61.78.

WEC Energy Group Company Profile

WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.

5 Day Chart for NYSE:WEC

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