Reaves W H & Co. Inc. reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 963,689 shares of the utilities provider’s stock after selling 49,950 shares during the period. WEC Energy Group accounts for about 2.2% of Reaves W H & Co. Inc.’s holdings, making the stock its 13th biggest position. Reaves W H & Co. Inc. owned about 0.31% of WEC Energy Group worth $60,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Hudock Capital Group LLC raised its position in shares of 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 purchasing an additional 17 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in WEC Energy Group by 0.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock valued at $459,000 after acquiring an additional 41 shares during the last quarter. MAI Capital Management raised its holdings in WEC Energy Group by 1.1% in the 2nd quarter. MAI Capital Management now owns 4,210 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 45 shares during the last quarter. Boston Advisors LLC raised its holdings in WEC Energy Group by 0.3% in the 2nd quarter. Boston Advisors LLC now owns 14,664 shares of the utilities provider’s stock valued at $900,000 after acquiring an additional 50 shares during the last quarter. Finally, Eaton Vance Management raised its holdings in WEC Energy Group by 0.5% in the 2nd quarter. Eaton Vance Management now owns 12,090 shares of the utilities provider’s stock valued at $742,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.

Shares of WEC Energy Group, Inc. (NYSE WEC) traded up $0.01 during midday trading on Friday, hitting $68.77. 1,250,900 shares of the stock traded hands, compared to its average volume of 1,651,710. WEC Energy Group, Inc. has a one year low of $54.90 and a one year high of $70.09. The stock has a market cap of $21,560.00, a PE ratio of 22.62, a PEG ratio of 4.33 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. sell-side analysts forecast that WEC Energy Group, Inc. will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 3.02%. WEC Energy Group’s dividend payout ratio is presently 68.42%.

In related news, VP Scott J. Lauber sold 1,240 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total transaction of $86,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 12,632 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was 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. Insiders have sold a total of 103,504 shares of company stock valued at $6,980,354 over the last three months. Corporate insiders own 0.97% of the company’s stock.

Several brokerages have weighed in on WEC. Bank of America Corporation boosted their price target on WEC Energy Group from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. Finally, BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.43.

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

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