AMP Capital Investors Ltd grew its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,388 shares of the utilities provider’s stock after buying an additional 4,970 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.05% of WEC Energy Group worth $10,069,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cable Hill Partners LLC raised its holdings in shares of WEC Energy Group by 3,307.8% in the 3rd quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 1,687 shares during the period. Captrust Financial Advisors bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $132,000. Private Vista LLC bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $136,000. Sun Life Financial INC raised 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 during the period. Finally, Evercore Wealth Management LLC raised its holdings in shares of WEC Energy Group by 9.4% in the 2nd quarter. Evercore Wealth Management LLC now owns 2,325 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 200 shares during the period. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

In other WEC Energy Group news, VP Scott J. Lauber sold 1,240 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total value of $86,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Gale E. Klappa sold 52,722 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

WEC has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Bank of America upped their target price on shares of 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 shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, October 27th. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Credit Suisse Group started coverage on shares of WEC Energy Group in a report on Thursday, December 7th. They issued a “neutral” rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $66.00.

WEC Energy Group Inc (NYSE:WEC) traded up $0.21 during trading on Tuesday, reaching $69.17. 3,172,200 shares of the company’s stock traded hands, compared to its average volume of 1,647,733. The company has a market cap of $21,762.09, a PE ratio of 22.68, a P/E/G ratio of 4.18 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.38 and a current ratio of 0.60. WEC Energy Group Inc has a 52-week low of $56.05 and a 52-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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. equities analysts forecast that WEC Energy Group Inc will post 3.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a $0.5525 dividend. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 annualized dividend and a yield of 3.20%. The ex-dividend date is Tuesday, February 13th. WEC Energy Group’s dividend payout ratio is currently 68.42%.

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WEC Energy Group 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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