White Pine Capital LLC continued to hold its position in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,058 shares of the utilities provider’s stock at the end of the 2nd quarter. White Pine Capital LLC’s holdings in WEC Energy Group were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in WEC Energy Group by 3.5% during the 1st 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. raised its holdings in WEC Energy Group by 3,275.9% during the 1st 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 raised its holdings in WEC Energy Group by 1.2% during the 1st 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. JPMorgan Chase & Co. raised its holdings in WEC Energy Group by 1.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,762,776 shares of the utilities provider’s stock valued at $353,718,000 after buying an additional 103,009 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in WEC Energy Group by 6.2% during the 1st 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. Institutional investors own 70.79% of the company’s stock.

In related news, VP Scott J. Lauber sold 1,500 shares of WEC Energy Group stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total value of $97,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gale E. Klappa sold 100,500 shares of WEC Energy Group 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 disclosure for this sale can be found here. Insiders sold 192,190 shares of company stock valued at $12,435,484 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

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

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

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

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Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Ladenburg Thalmann Financial Services upped their price objective on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. BidaskClub lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) restated 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 restated 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 issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $62.86.

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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