BB&T Investment Services Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,448 shares of the utilities provider’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. increased its holdings 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 purchasing an additional 132 shares in the last quarter. Delphi Private Advisors LLC increased its holdings 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 purchasing an additional 1,276 shares in the last quarter. Country Trust Bank increased its holdings 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 purchasing an additional 112 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of WEC Energy Group in the 2nd quarter valued at about $132,000. Finally, Sun Life Financial INC increased its holdings in shares of WEC Energy Group by 23,010.0% in the 2nd quarter. Sun Life Financial INC now owns 2,311 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 2,301 shares in the last quarter. Institutional investors and hedge funds own 70.24% of the company’s stock.

WEC Energy Group, Inc. (NYSE:WEC) traded down 0.03% during trading on Friday, reaching $65.55. 296,876 shares of the company’s stock traded hands. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $67.20. The company has a 50-day moving average of $64.80 and a 200 day moving average of $62.81. The stock has a market capitalization of $20.69 billion, a P/E ratio of 21.49 and a beta of 0.12.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, topping the 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business earned $0.57 earnings per share. WEC Energy Group’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that WEC Energy Group, Inc. will post $3.11 earnings per share for the current fiscal year.

In other WEC Energy Group news, Director Gale E. Klappa sold 100,500 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Tom Metcalfe sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $64.44, for a total value of $644,400.00. Following the sale, the vice president now owns 16,059 shares in the company, valued at approximately $1,034,841.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,190 shares of company stock worth $12,435,484. Corporate insiders own 0.97% of the company’s stock.

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A number of equities analysts have recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. WEC Energy Group currently has an average rating of “Hold” and an average target price of $62.50.

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

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