Corient Capital Partners LLC reduced its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,888 shares of the utilities provider’s stock after selling 564 shares during the period. Corient Capital Partners LLC’s holdings in WEC Energy Group were worth $1,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WEC. Northwestern Mutual Wealth Management Co. raised its holdings in WEC Energy Group by 1.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,026 shares of the utilities provider’s stock worth $714,000 after buying an additional 130 shares during the last quarter. 1ST Source Bank raised its holdings in WEC Energy Group by 3.6% in the first quarter. 1ST Source Bank now owns 4,138 shares of the utilities provider’s stock worth $327,000 after buying an additional 144 shares during the last quarter. Cable Hill Partners LLC raised its holdings in WEC Energy Group by 11.0% in the first quarter. Cable Hill Partners LLC now owns 1,459 shares of the utilities provider’s stock worth $115,000 after buying an additional 145 shares during the last quarter. Somerset Trust Co raised its holdings in WEC Energy Group by 0.6% in the first quarter. Somerset Trust Co now owns 26,688 shares of the utilities provider’s stock worth $2,111,000 after buying an additional 168 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in WEC Energy Group by 3.0% in the fourth quarter. IHT Wealth Management LLC now owns 5,802 shares of the utilities provider’s stock worth $402,000 after buying an additional 170 shares during the last quarter. 74.96% of the stock is owned by institutional investors.

In other news, Chairman Gale E. Klappa sold 31,400 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $82.57, for a total value of $2,592,698.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William J. Guc sold 4,481 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.10, for a total transaction of $349,966.10. The disclosure for this sale can be found here. Insiders sold 471,457 shares of company stock worth $38,588,620 in the last three months. Insiders own 0.75% of the company’s stock.

WEC opened at $80.55 on Monday. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.87 and a beta of 0.15. WEC Energy Group Inc has a 1-year low of $58.48 and a 1-year high of $83.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.69 and a quick ratio of 0.58.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, April 25th. The utilities provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.25 by $0.08. WEC Energy Group had a net margin of 14.03% and a return on equity of 11.06%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, May 13th. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.66%.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Credit Suisse Group lifted their price target on shares of WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Goldman Sachs Group lowered shares of WEC Energy Group from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $71.00 to $70.00 in a research note on Monday, April 8th. Argus lifted their price target on shares of WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Wolfe Research set a $77.00 price target on shares of WEC Energy Group and gave the stock a “sell” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.33.

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About WEC Energy Group

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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