Griffin Asset Management Inc. bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,612 shares of the utilities provider’s stock, valued at approximately $1,142,000.

Other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. raised its position in shares of WEC Energy Group by 8.8% during the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 132 shares during the period. Delphi Private Advisors LLC raised its position in shares of WEC Energy Group by 182.3% during the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 1,276 shares during the period. Country Trust Bank raised its position in shares of WEC Energy Group by 5.7% during the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 112 shares during the period. Captrust Financial Advisors acquired a new stake in shares of WEC Energy Group during the second quarter worth $132,000. Finally, Sun Life Financial INC raised its position in shares of WEC Energy Group by 23,010.0% during the second quarter. Sun Life Financial INC now owns 2,311 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 2,301 shares during the period. 70.24% of the stock is currently owned by institutional investors.

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A number of equities research analysts have recently issued reports on WEC shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. BidaskClub lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. WEC Energy Group currently has an average rating of “Hold” and an average target price of $62.50.

In related news, Director Gale E. Klappa sold 100,500 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total value of $97,500.00. 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 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

WEC Energy Group, Inc. (NYSE:WEC) traded up 0.35% on Friday, reaching $66.82. The company had a trading volume of 319,470 shares. The firm has a 50 day moving average price of $64.86 and a 200-day moving average price of $62.98. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 21.91 and a beta of 0.12. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $67.20.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. Analysts forecast that WEC Energy Group, Inc. will post $3.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.12%. WEC Energy Group’s payout ratio is presently 68.42%.

WEC Energy Group 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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