Traders bought shares of WEC Energy Group, Inc. (NYSE:WEC) on weakness during trading on Monday. $37.73 million flowed into the stock on the tick-up and $17.21 million flowed out of the stock on the tick-down, for a money net flow of $20.52 million into the stock. Of all companies tracked, WEC Energy Group had the 29th highest net in-flow for the day. WEC Energy Group traded down ($0.59) for the day and closed at $65.48

A number of brokerages have recently commented on WEC. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a research note on Friday, September 1st. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services lifted their price target on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.86.

The company’s 50 day moving average price is $64.90 and its 200 day moving average price is $62.28. The stock has a market cap of $20.66 billion, a PE ratio of 21.47 and a beta of 0.12.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, August 10th. This represents a $2.08 annualized dividend and a dividend yield of 3.18%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.

In related news, Director Gale E. Klappa sold 100,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total transaction of $6,474,210.00. The sale 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 stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.00, for a total value of $97,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 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 company insiders.

A number of hedge funds have recently modified their holdings of WEC. Oakworth Capital Inc. boosted its holdings in WEC Energy Group by 8.8% during the 2nd quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 132 shares during the period. Delphi Private Advisors LLC lifted its holdings in WEC Energy Group by 182.3% in the 2nd quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,276 shares during the period. Country Trust Bank lifted its holdings in WEC Energy Group by 5.7% in the 2nd quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after buying an additional 112 shares during the period. Captrust Financial Advisors purchased a new stake in WEC Energy Group in the 2nd quarter worth approximately $132,000. Finally, Private Vista LLC purchased a new stake in WEC Energy Group in the 2nd quarter worth approximately $136,000. Institutional investors own 70.24% of the company’s stock.

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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.

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