Advisor Group Inc. grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 20.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,131 shares of the utilities provider’s stock after buying an additional 11,644 shares during the quarter. Advisor Group Inc.’s holdings in WEC Energy Group were worth $4,181,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oakworth Capital Inc. raised its position in shares of WEC Energy Group by 8.8% in the 2nd quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after buying an additional 132 shares in the last quarter. Delphi Private Advisors LLC raised its position in shares of 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 valued at $120,000 after buying an additional 1,276 shares in the last quarter. Country Trust Bank raised its position in shares of WEC Energy Group by 5.7% in the 2nd quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after buying an additional 112 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at approximately $132,000. Finally, Financial Architects Inc raised its position in shares of WEC Energy Group by 7.4% in the 2nd quarter. Financial Architects Inc now owns 2,324 shares of the utilities provider’s stock valued at $142,000 after buying an additional 161 shares in the last quarter. Institutional investors own 70.24% of the company’s stock.

WEC Energy Group, Inc. (WEC) traded down 1.03% during trading on Friday, reaching $63.61. 1,244,844 shares of the company were exchanged. WEC Energy Group, Inc. has a one year low of $53.66 and a one year high of $67.20. The firm’s 50-day moving average is $64.96 and its 200 day moving average is $62.33. The company has a market capitalization of $20.07 billion, a P/E ratio of 20.86 and a beta of 0.12.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, August 10th. WEC Energy Group’s dividend payout ratio is currently 68.42%.

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In related news, Director Gale E. Klappa sold 100,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $64.42, for a total value of $6,474,210.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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 sold 192,190 shares of company stock worth $12,435,484 over the last ninety days. 0.97% of the stock is currently owned by insiders.

Several brokerages have recently commented on WEC. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Ladenburg Thalmann Financial Services boosted their target price on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. BidaskClub cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Finally, KeyCorp restated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. 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. The stock presently has an average rating of “Hold” and an average target price of $62.86.

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

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