Monetary Management Group Inc. continued to hold its stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,782 shares of the utilities provider’s stock at the end of the 2nd quarter. Monetary Management Group Inc.’s holdings in WEC Energy Group were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hudock Capital Group LLC raised its position in WEC Energy Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 4,322 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 17 shares in the last quarter. Arvest Bank Trust Division raised its position in WEC Energy Group by 0.7% during the 2nd quarter. Arvest Bank Trust Division now owns 4,147 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 27 shares in the last quarter. Parkside Financial Bank & Trust raised its position in WEC Energy Group by 0.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 41 shares in the last quarter. MAI Capital Management raised its position in WEC Energy Group by 1.1% during the 2nd quarter. MAI Capital Management now owns 4,210 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 45 shares in the last quarter. Finally, Boston Advisors LLC raised its position in WEC Energy Group by 0.3% during the 2nd quarter. Boston Advisors LLC now owns 14,664 shares of the utilities provider’s stock valued at $900,000 after purchasing an additional 50 shares in the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.

WEC has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. 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. Ladenburg Thalmann Financial Services lifted their target price on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. 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 stock presently has an average rating of “Hold” and a consensus target price of $62.50.

In other WEC Energy Group 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 value of $6,474,210.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were 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. Over the last quarter, insiders sold 192,190 shares of company stock worth $12,435,484. Insiders own 0.97% of the company’s stock.

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WEC Energy Group, Inc. (NYSE WEC) traded up 0.36% on Friday, hitting $64.30. The stock had a trading volume of 1,827,519 shares. The company has a market cap of $20.29 billion, a P/E ratio of 21.08 and a beta of 0.12. WEC Energy Group, Inc. has a 52-week low of $53.66 and a 52-week high of $67.20. The firm’s 50-day moving average is $64.80 and its 200-day moving average is $62.70.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts anticipate that WEC Energy Group, Inc. will post $3.11 earnings per share for the current fiscal year.

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.

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

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