TD Asset Management Inc. lowered its holdings in WEC Energy Group Inc (NYSE:WEC) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 811,602 shares of the utilities provider’s stock after selling 51,096 shares during the quarter. TD Asset Management Inc. owned 0.26% of WEC Energy Group worth $50,952,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. lifted its holdings in WEC Energy Group by 8.8% in the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 132 shares during the period. Cable Hill Partners LLC lifted its holdings in WEC Energy Group by 3,307.8% in the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,687 shares during the period. Country Trust Bank lifted its holdings in WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 112 shares during the period. Captrust Financial Advisors acquired a new stake in WEC Energy Group in the second quarter valued at $132,000. Finally, Sun Life Financial INC lifted its holdings in WEC Energy Group by 23,010.0% in the second quarter. Sun Life Financial INC now owns 2,311 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 2,301 shares during the period. 71.09% of the stock is owned by institutional investors.

WEC has been the subject of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Bank of America Corporation raised their target price on WEC Energy Group from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, October 27th. Finally, BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One research 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 currently has an average rating of “Hold” and an average price target of $65.43.

In related news, VP Scott J. Lauber sold 1,240 shares of WEC Energy Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total transaction of $86,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gale E. Klappa sold 52,722 shares of WEC Energy Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total value of $3,658,906.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,962 shares of company stock valued at $4,735,707. 0.97% of the stock is currently owned by company insiders.

WEC Energy Group Inc (WEC) traded up $0.26 during trading hours on Monday, hitting $68.53. The stock had a trading volume of 486,400 shares, compared to its average volume of 1,635,931. The firm has a market cap of $21,630.00, a P/E ratio of 22.54, a PEG ratio of 4.15 and a beta of 0.15. The company has a quick ratio of 0.38, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. WEC Energy Group Inc has a fifty-two week low of $54.96 and a fifty-two week high of $70.09.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Monday, November 13th. WEC Energy Group’s dividend payout ratio is presently 68.42%.

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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.

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

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