Cape Cod Five Cents Savings Bank reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,623 shares of the utilities provider’s stock after selling 1,174 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in WEC Energy Group were worth $2,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ARGI Investment Services LLC acquired a new position in WEC Energy Group in the second quarter valued at approximately $870,000. Principal Financial Group Inc. raised its holdings in WEC Energy Group by 362.0% in the second quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock worth $134,737,000 after purchasing an additional 1,719,955 shares during the period. KBC Group NV raised its holdings in WEC Energy Group by 14.1% in the second quarter. KBC Group NV now owns 33,577 shares of the utilities provider’s stock worth $2,061,000 after purchasing an additional 4,152 shares during the period. Marshall Wace North America L.P. raised its holdings in WEC Energy Group by 493.4% in the second quarter. Marshall Wace North America L.P. now owns 57,675 shares of the utilities provider’s stock worth $3,518,000 after purchasing an additional 47,955 shares during the period. Finally, Swiss National Bank raised its holdings in WEC Energy Group by 2.2% in the second quarter. Swiss National Bank now owns 1,720,581 shares of the utilities provider’s stock worth $105,609,000 after purchasing an additional 37,600 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

Shares of WEC Energy Group, Inc. (NYSE:WEC) traded up $0.03 during mid-day trading on Monday, hitting $68.20. 228,452 shares of the stock traded hands, compared to its average volume of 1,603,081. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38. The company has a market cap of $21,512.79, a P/E ratio of 22.42, a P/E/G ratio of 4.29 and a beta of 0.14.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. equities research analysts predict that WEC Energy Group, Inc. will post 3.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, November 13th. WEC Energy Group’s dividend payout ratio is 68.42%.

In other news, VP Scott J. Lauber sold 1,500 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $65.00, for a total transaction of $97,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gale E. Klappa sold 100,500 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total transaction of $6,474,210.00. The disclosure for this sale can be found here. Insiders have sold 192,190 shares of company stock valued at $12,435,484 in the last three months. 0.97% of the stock is owned by insiders.

WEC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, October 27th. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. Finally, Bank of America Corporation initiated coverage on shares of WEC Energy Group in a report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.86.

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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.

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

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