Cincinnati Specialty Underwriters Insurance CO maintained its position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,000 shares of the utilities provider’s stock at the end of the second quarter. WEC Energy Group accounts for 5.3% of Cincinnati Specialty Underwriters Insurance CO’s holdings, making the stock its 5th largest position. Cincinnati Specialty Underwriters Insurance CO’s holdings in WEC Energy Group were worth $5,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of WEC Energy Group by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,167,258 shares of the utilities provider’s stock valued at $1,950,302,000 after buying an additional 1,085,646 shares during the last quarter. BlackRock Inc. increased its position in shares of WEC Energy Group by 3,275.9% in the first quarter. BlackRock Inc. now owns 25,838,999 shares of the utilities provider’s stock valued at $1,566,618,000 after buying an additional 25,073,593 shares during the last quarter. State Street Corp increased its position in shares of WEC Energy Group by 1.2% in the first quarter. State Street Corp now owns 16,286,113 shares of the utilities provider’s stock valued at $987,428,000 after buying an additional 200,586 shares during the last quarter. Bank of America Corp DE increased its position in shares of WEC Energy Group by 6.2% in the first quarter. Bank of America Corp DE now owns 5,169,348 shares of the utilities provider’s stock valued at $313,418,000 after buying an additional 304,020 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of WEC Energy Group by 1.8% in the first quarter. Clearbridge Investments LLC now owns 4,970,352 shares of the utilities provider’s stock valued at $301,352,000 after buying an additional 89,046 shares during the last quarter. 70.76% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group, Inc. (WEC) opened at 65.14 on Monday. WEC Energy Group, Inc. has a 52-week low of $53.66 and a 52-week high of $65.46. The company has a market cap of $20.56 billion, a PE ratio of 21.36 and a beta of 0.11. The company has a 50-day moving average of $63.25 and a 200 day moving average of $61.46.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. Equities research analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 3.20%. WEC Energy Group’s payout ratio is currently 68.42%.

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WEC has been the topic of several recent analyst reports. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $58.00 price objective (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services boosted their price objective on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. WEC Energy Group has an average rating of “Hold” and a consensus target price of $62.86.

In other news, Director Gale E. Klappa sold 100,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $64.42, for a total value of $6,474,210.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 177,190 shares of company stock valued at $11,445,484 in the last three months. 0.97% of the stock is currently owned by corporate insiders.

About WEC Energy Group

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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