Farmers National Bank continued to hold its stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,487 shares of the utilities provider’s stock at the end of the second quarter. Farmers National Bank’s holdings in WEC Energy Group were worth $153,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Jarislowsky Fraser Ltd purchased a new stake in WEC Energy Group during the 1st quarter worth approximately $206,000. OppenheimerFunds Inc. grew its position in WEC Energy Group by 10.8% during the 1st quarter. OppenheimerFunds Inc. now owns 15,943 shares of the utilities provider’s stock worth $967,000 after purchasing an additional 1,553 shares during the last quarter. Wellington Management Group LLP grew its position in WEC Energy Group by 314.7% during the 1st quarter. Wellington Management Group LLP now owns 58,668 shares of the utilities provider’s stock worth $3,557,000 after purchasing an additional 44,520 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in WEC Energy Group by 8.9% during the 1st quarter. Stratos Wealth Partners LTD. now owns 40,761 shares of the utilities provider’s stock worth $2,471,000 after purchasing an additional 3,341 shares during the last quarter. Finally, Edge Asset Management Inc. grew its position in WEC Energy Group by 1.7% during the 1st quarter. Edge Asset Management Inc. now owns 1,685,138 shares of the utilities provider’s stock worth $102,170,000 after purchasing an additional 27,372 shares during the last quarter. 70.24% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have weighed in on WEC. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $58.00 target price (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $62.50.

WEC Energy Group, Inc. (NYSE:WEC) traded down 0.09% during trading on Monday, hitting $65.04. 325,951 shares of the company traded hands. WEC Energy Group, Inc. has a 52-week low of $53.66 and a 52-week high of $67.20. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 21.32 and a beta of 0.12. The company’s 50-day moving average is $64.80 and its 200 day moving average is $62.87.

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

In other WEC Energy Group news, VP Tom Metcalfe sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $64.44, for a total transaction of $644,400.00. Following the sale, the vice president now directly owns 16,059 shares in the company, valued at approximately $1,034,841.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 100,500 shares of the business’s 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 a total of 192,190 shares of company stock worth $12,435,484 over the last 90 days. 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.

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

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