AHL Partners LLP Acquires 80,523 Shares of WEC Energy Group, Inc. (WEC)
AHL Partners LLP lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 73.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 190,283 shares of the utilities provider’s stock after purchasing an additional 80,523 shares during the period. AHL Partners LLP owned about 0.06% of WEC Energy Group worth $11,680,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. increased its holdings in WEC Energy Group by 8.8% during the second 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 during the period. Delphi Private Advisors LLC lifted its holdings in WEC Energy Group by 182.3% during the second 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% during the second 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 during the second quarter worth $132,000. Finally, Private Vista LLC purchased a new stake in WEC Energy Group during the second quarter worth $136,000. 70.24% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services raised their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, September 1st. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. 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 company. The stock has an average rating of “Hold” and a consensus target price of $62.86.
In other WEC Energy Group news, VP Susan H. Martin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.00, for a total transaction of $990,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tom Metcalfe sold 10,000 shares of WEC Energy Group stock in a transaction dated 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 of the company’s stock, valued at approximately $1,034,841.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 192,190 shares of company stock worth $12,435,484. Company insiders own 0.97% of the company’s stock.
WEC Energy Group, Inc. (WEC) traded up 0.96% during midday trading on Monday, reaching $63.38. The company’s stock had a trading volume of 634,649 shares. The stock’s 50-day moving average price is $64.96 and its 200 day moving average price is $62.33. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $67.20. The firm has a market capitalization of $20.00 billion, a PE ratio of 20.78 and a beta of 0.12.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.57 EPS. WEC Energy Group’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts anticipate that WEC Energy Group, Inc. will post $3.11 EPS for the current fiscal year.
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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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