California State Teachers Retirement System reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,986 shares of the utilities provider’s stock after selling 66,178 shares during the period. California State Teachers Retirement System owned about 0.18% of WEC Energy Group worth $35,784,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Hudock Capital Group LLC grew its holdings in WEC Energy Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 4,322 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 17 shares in the last quarter. Arvest Bank Trust Division grew its holdings in WEC Energy Group by 0.7% during the 2nd quarter. Arvest Bank Trust Division now owns 4,147 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 27 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in WEC Energy Group by 0.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock worth $459,000 after acquiring an additional 41 shares in the last quarter. MAI Capital Management grew its holdings in WEC Energy Group by 1.1% during the 2nd quarter. MAI Capital Management now owns 4,210 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 45 shares in the last quarter. Finally, Boston Advisors LLC grew its holdings in WEC Energy Group by 0.3% during the 2nd quarter. Boston Advisors LLC now owns 14,664 shares of the utilities provider’s stock worth $900,000 after acquiring an additional 50 shares in the last quarter. 70.24% of the stock is owned by institutional investors.

In other WEC Energy Group news, VP Susan H. Martin sold 15,000 shares of the company’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 SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 12,632 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $65.04, for a total transaction of $821,585.28. The disclosure for this sale can be found here. Over 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.

Several research analysts have weighed in on WEC shares. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Finally, BidaskClub raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. WEC Energy Group has an average rating of “Hold” and a consensus target price of $62.50.

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WEC Energy Group, Inc. (NYSE WEC) traded up 0.41% on Friday, hitting $65.84. 182,035 shares of the stock were exchanged. The stock has a market cap of $20.78 billion, a PE ratio of 21.59 and a beta of 0.12. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $67.20. The company’s 50 day moving average is $64.80 and its 200 day moving average is $62.81.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $0.57 EPS. The company’s revenue 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 year.

About WEC Energy Group

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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