Buckley Wealth Management LLC bought a new stake in shares of WEC Energy Group Inc (NYSE:WEC) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,237 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of WEC Energy Group by 36.6% during the third quarter. Wells Fargo & Company MN now owns 7,366,777 shares of the utilities provider’s stock valued at $462,486,000 after acquiring an additional 1,972,929 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of WEC Energy Group by 28.9% during the third quarter. Ameriprise Financial Inc. now owns 2,849,244 shares of the utilities provider’s stock valued at $178,873,000 after acquiring an additional 638,010 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of WEC Energy Group by 4.3% during the third quarter. Legal & General Group Plc now owns 2,588,348 shares of the utilities provider’s stock valued at $162,500,000 after acquiring an additional 106,633 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in WEC Energy Group by 7.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,494,698 shares of the utilities provider’s stock worth $157,276,000 after purchasing an additional 165,710 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in WEC Energy Group by 170.9% in the fourth quarter. APG Asset Management N.V. now owns 2,403,530 shares of the utilities provider’s stock worth $132,967,000 after purchasing an additional 1,516,384 shares in the last quarter. Institutional investors own 72.97% of the company’s stock.

WEC has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. Bank of America initiated coverage on WEC Energy Group in a report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 price objective for the company. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, October 27th. 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 price objective for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of WEC Energy Group in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. WEC Energy Group presently has a consensus rating of “Hold” and an average price target of $67.40.

Shares of WEC Energy Group Inc (WEC) opened at $61.11 on Wednesday. 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 $19,280.00, a price-to-earnings ratio of 16.12, a PEG ratio of 4.38 and a beta of 0.05. The company has a quick ratio of 0.43, a current ratio of 0.57 and a debt-to-equity ratio of 0.92.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, January 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. equities research analysts anticipate that WEC Energy Group Inc will post 3.3 EPS for the current year.

The business also recently announced 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. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Tuesday, February 13th. WEC Energy Group’s dividend payout ratio is currently 54.88%.

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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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