Sandy Spring Bank decreased its position in WEC Energy Group Inc (NYSE:WEC) by 16.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,795 shares of the utilities provider’s stock after selling 1,295 shares during the period. Sandy Spring Bank’s holdings in WEC Energy Group were worth $451,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 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. Hanson & Doremus Investment Management bought a new position in WEC Energy Group in the fourth quarter valued at about $133,000. BB&T Investment Services Inc. bought a new position in WEC Energy Group in the second quarter valued at about $150,000. Kempner Capital Management Inc. bought a new position in WEC Energy Group in the fourth quarter valued at about $206,000. Finally, Berkshire Asset Management LLC PA bought a new position in WEC Energy Group in the fourth quarter valued at about $207,000. 73.13% of the stock is currently owned by institutional investors.

WEC has been the topic of a number of recent research reports. Bank of America increased 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 $74.00 target price on the stock in a report on Saturday, January 6th. Credit Suisse Group initiated coverage on WEC Energy Group in a report on Thursday, December 7th. They issued a “neutral” rating and a $70.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $73.00 target price on shares of WEC Energy Group in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co lowered their target price on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. WEC Energy Group currently has an average rating of “Hold” and an average price target of $67.40.

In other news, Chairman Gale E. Klappa sold 52,722 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott J. Lauber sold 1,240 shares of the firm’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 disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.

WEC Energy Group Inc (NYSE:WEC) opened at $60.19 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.57 and a quick ratio of 0.43. WEC Energy Group Inc has a 12 month low of $56.63 and a 12 month high of $70.09. The company has a market capitalization of $19,303.70, a PE ratio of 19.48, a PEG ratio of 4.39 and a beta of 0.05.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts expect that WEC Energy Group Inc will post 3.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be paid a $0.5525 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.21 annualized dividend and a dividend yield of 3.67%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.52. WEC Energy Group’s dividend payout ratio (DPR) is 54.88%.

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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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