Mutual of America Capital Management LLC decreased its position in shares of WEC Energy Group Inc. (NYSE:WEC) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,718 shares of the company’s stock after selling 1,010 shares during the period. Mutual of America Capital Management LLC’s holdings in WEC Energy Group were worth $2,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of WEC Energy Group by 687.7% in the first quarter. Renaissance Technologies LLC now owns 232,402 shares of the company’s stock worth $13,960,000 after buying an additional 202,900 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of WEC Energy Group by 129.8% in the first quarter. Panagora Asset Management Inc. now owns 120,261 shares of the company’s stock worth $7,224,000 after buying an additional 67,930 shares in the last quarter. Euclid Advisors LLC boosted its position in shares of WEC Energy Group by 575.5% in the first quarter. Euclid Advisors LLC now owns 72,480 shares of the company’s stock worth $4,354,000 after buying an additional 61,750 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of WEC Energy Group by 75.6% in the first quarter. First Republic Investment Management Inc. now owns 8,803 shares of the company’s stock worth $528,000 after buying an additional 3,789 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of WEC Energy Group by 0.8% in the second quarter. BNP Paribas Arbitrage SA now owns 59,353 shares of the company’s stock worth $3,876,000 after buying an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 68.70% of the company’s stock.

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

WEC Energy Group Inc. (NYSE:WEC) traded down 0.02% during mid-day trading on Tuesday, reaching $58.03. 2,126,897 shares of the company’s stock traded hands. The stock has a market cap of $18.32 billion, a P/E ratio of 19.91 and a beta of 0.06. WEC Energy Group Inc. has a 12 month low of $47.98 and a 12 month high of $66.10. The company has a 50 day moving average price of $57.28 and a 200-day moving average price of $60.69.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The business earned $1.71 billion during the quarter, compared to the consensus estimate of $2.15 billion. WEC Energy Group had a net margin of 12.58% and a return on equity of 10.76%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, analysts anticipate 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 given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Wednesday, November 9th. WEC Energy Group’s dividend payout ratio is presently 68.04%.

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A number of research analysts have weighed in on the stock. Argus reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of WEC Energy Group in a research note on Tuesday, August 2nd. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Guggenheim assumed coverage on shares of WEC Energy Group in a research note on Thursday, November 3rd. They issued a “buy” rating and a $63.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research note on Wednesday, November 9th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. WEC Energy Group currently has an average rating of “Hold” and an average price target of $61.78.

About WEC Energy Group

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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