Canada Pension Plan Investment Board cut its position in WEC Energy Group, Inc. (NYSE:WEC) by 30.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 458,343 shares of the utilities provider’s stock after selling 204,662 shares during the period. Canada Pension Plan Investment Board’s holdings in WEC Energy Group were worth $28,133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WEC. Hudock Capital Group LLC boosted its stake in shares of WEC Energy Group by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,305 shares of the utilities provider’s stock worth $261,000 after buying an additional 17 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of WEC Energy Group by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 2,822 shares of the utilities provider’s stock worth $171,000 after buying an additional 22 shares during the period. Arvest Bank Trust Division boosted its stake in shares of WEC Energy Group by 0.7% in the second quarter. Arvest Bank Trust Division now owns 4,147 shares of the utilities provider’s stock worth $255,000 after buying an additional 27 shares during the period. Buckingham Asset Management LLC boosted its stake in shares of WEC Energy Group by 0.9% in the first quarter. Buckingham Asset Management LLC now owns 3,992 shares of the utilities provider’s stock worth $242,000 after buying an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of WEC Energy Group by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock worth $459,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 70.72% of the company’s stock.

Shares of WEC Energy Group, Inc. (WEC) opened at 63.84 on Friday. WEC Energy Group, Inc. has a 12-month low of $53.66 and a 12-month high of $64.94. The stock has a market cap of $20.15 billion, a PE ratio of 20.93 and a beta of 0.11. The stock’s 50 day moving average is $62.52 and its 200-day moving average is $60.98.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts expect that WEC Energy Group, Inc. will post $3.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 3.26%. The ex-dividend date of this dividend is Thursday, August 10th. WEC Energy Group’s dividend payout ratio is presently 68.42%.

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A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Ladenburg Thalmann Financial Services increased their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Wolfe Research reiterated a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $62.86.

In other WEC Energy Group news, VP Susan H. Martin sold 15,470 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $62.50, for a total transaction of $966,875.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by insiders.

WEC Energy Group Company 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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