Keybank National Association OH raised its position in WEC Energy Group Inc (NYSE:WEC) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,376 shares of the utilities provider’s stock after purchasing an additional 2,184 shares during the quarter. Keybank National Association OH’s holdings in WEC Energy Group were worth $1,059,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bray Capital Advisors acquired a new position in WEC Energy Group in the 1st quarter valued at about $100,000. St. Johns Investment Management Company LLC raised its stake in shares of WEC Energy Group by 100.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 800 shares during the period. Well Done LLC purchased a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $144,000. Financial Gravity Wealth Inc. purchased a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $153,000. Finally, Signaturefd LLC purchased a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $166,000. Institutional investors own 73.17% of the company’s stock.

In related news, Director Barbara L. Bowles sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $66.45, for a total transaction of $166,125.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederick D. Kuester sold 168,790 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $66.94, for a total transaction of $11,298,802.60. The disclosure for this sale can be found here. 0.94% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on WEC. Zacks Investment Research downgraded shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Bank of America raised shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 23rd. ValuEngine raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Citigroup boosted their price target on shares of WEC Energy Group from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. Finally, Goldman Sachs Group raised shares of WEC Energy Group from a “sell” rating to a “neutral” rating in a research note on Thursday, July 19th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $68.00.

WEC Energy Group stock opened at $66.94 on Wednesday. The company has a market capitalization of $21.39 billion, a PE ratio of 21.32, a P/E/G ratio of 4.94 and a beta of 0.05. WEC Energy Group Inc has a 1 year low of $58.48 and a 1 year high of $70.09. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts forecast that WEC Energy Group Inc will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Tuesday, August 14th will be paid a dividend of $0.5525 per share. This represents a $2.21 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, August 13th. WEC Energy Group’s payout ratio is currently 70.38%.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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

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