Advisor Partners LLC raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,976 shares of the utilities provider’s stock after buying an additional 271 shares during the period. Advisor Partners LLC’s holdings in WEC Energy Group were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WEC. Oakworth Capital Inc. boosted its position in shares of WEC Energy Group by 8.8% in the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock worth $100,000 after buying an additional 132 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of WEC Energy Group by 12.1% in the first quarter. Trust Co. of Vermont now owns 1,737 shares of the utilities provider’s stock worth $106,000 after buying an additional 187 shares in the last quarter. Delphi Private Advisors LLC boosted its position in shares of WEC Energy Group by 182.3% in the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,276 shares in the last quarter. Country Trust Bank boosted its position in shares of WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after buying an additional 112 shares in the last quarter. Finally, Financial Architects Inc boosted its position in shares of WEC Energy Group by 7.4% in the second quarter. Financial Architects Inc now owns 2,324 shares of the utilities provider’s stock worth $142,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 70.72% of the company’s stock.

Shares of WEC Energy Group, Inc. (NYSE:WEC) opened at 64.47 on Thursday. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 21.14 and a beta of 0.11. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $64.90. The firm has a 50-day moving average of $62.49 and a 200 day moving average of $60.92.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.57 EPS. WEC Energy Group’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect that WEC Energy Group, Inc. will post $3.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, August 10th. WEC Energy Group’s dividend payout ratio (DPR) is 68.42%.

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Several research analysts recently weighed in on the stock. BidaskClub cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Ladenburg Thalmann Financial Services boosted their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. Wolfe Research restated a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. Barclays PLC restated an “equal weight” rating and set a $68.00 price target (up from $61.00) on shares of WEC Energy Group in a report on Sunday, April 23rd. Finally, Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.86.

In other news, VP Susan H. Martin sold 15,470 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $62.50, for a total transaction of $966,875.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

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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