State of Tennessee Treasury Department raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,314 shares of the utilities provider’s stock after buying an additional 95 shares during the quarter. State of Tennessee Treasury Department’s holdings in WEC Energy Group were worth $5,298,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WEC. Moody Lynn & Lieberson LLC acquired a new position in shares of WEC Energy Group in the first quarter valued at about $229,000. Sheaff Brock Investment Advisors LLC increased its holdings in shares of WEC Energy Group by 6.9% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 5,848 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 380 shares during the period. TIAA CREF Trust Co. FSB MO increased its holdings in shares of WEC Energy Group by 7.5% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 27,178 shares of the utilities provider’s stock valued at $1,648,000 after purchasing an additional 1,906 shares during the period. Girard Partners LTD. increased its holdings in shares of WEC Energy Group by 34.9% in the first quarter. Girard Partners LTD. now owns 25,307 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 6,547 shares during the period. Finally, Henderson Group PLC increased its holdings in shares of WEC Energy Group by 1.7% in the first quarter. Henderson Group PLC now owns 43,064 shares of the utilities provider’s stock valued at $2,611,000 after purchasing an additional 700 shares during the period. Institutional investors own 70.79% of the company’s stock.

In other WEC Energy Group news, VP Tom Metcalfe sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $64.44, for a total transaction of $644,400.00. Following the transaction, the vice president now owns 16,059 shares in the company, valued at approximately $1,034,841.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 100,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total value of $6,474,210.00. The disclosure for this sale can be found here. Insiders sold a total of 192,190 shares of company stock worth $12,435,484 in the last 90 days. 0.97% of the stock is currently owned by insiders.

Shares of WEC Energy Group, Inc. (WEC) opened at 67.04 on Tuesday. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 21.98 and a beta of 0.12. WEC Energy Group, Inc. has a 12-month low of $53.66 and a 12-month high of $67.20. The company’s 50-day moving average price is $64.37 and its 200 day moving average price is $62.02.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, August 10th. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.

A number of research analysts have recently weighed in on the company. BidaskClub raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Ladenburg Thalmann Financial Services increased their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. Finally, KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $62.86.

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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.

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

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