Public Employees Retirement System of Ohio lessened its position in WEC Energy Group Inc (NYSE:WEC) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,909 shares of the utilities provider’s stock after selling 1,305 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of WEC Energy Group worth $9,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ARGI Investment Services LLC acquired a new stake in shares of WEC Energy Group during the second quarter worth $870,000. Principal Financial Group Inc. raised its position in shares of WEC Energy Group by 362.0% during the second quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock worth $134,737,000 after purchasing an additional 1,719,955 shares during the period. KBC Group NV raised its position in shares of WEC Energy Group by 14.1% during the second quarter. KBC Group NV now owns 33,577 shares of the utilities provider’s stock worth $2,061,000 after purchasing an additional 4,152 shares during the period. Marshall Wace North America L.P. raised its position in shares of WEC Energy Group by 493.4% during the second quarter. Marshall Wace North America L.P. now owns 57,675 shares of the utilities provider’s stock worth $3,518,000 after purchasing an additional 47,955 shares during the period. Finally, Swiss National Bank raised its position in shares of WEC Energy Group by 2.2% during the second quarter. Swiss National Bank now owns 1,720,581 shares of the utilities provider’s stock worth $105,609,000 after purchasing an additional 37,600 shares during the period. 72.59% of the stock is currently owned by institutional investors.

WEC Energy Group Inc (WEC) opened at $65.94 on Thursday. WEC Energy Group Inc has a twelve month low of $56.05 and a twelve month high of $70.09. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $20,869.02, a price-to-earnings ratio of 21.75, a PEG ratio of 3.93 and a beta of 0.15.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.5525 per share. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.35%. WEC Energy Group’s payout ratio is currently 68.42%.

In other WEC Energy Group news, VP Scott J. Lauber sold 1,240 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total value of $86,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Gale E. Klappa sold 52,722 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were 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. Insiders own 0.97% of the company’s stock.

WEC has been the topic of a number of recent analyst reports. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Credit Suisse Group began coverage on WEC Energy Group in a research report on Thursday, December 7th. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Bank of America lifted 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, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $66.00.

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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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