New York State Common Retirement Fund decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 688,570 shares of the utilities provider’s stock after selling 17,274 shares during the period. New York State Common Retirement Fund owned approximately 0.22% of WEC Energy Group worth $42,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of WEC. Hudock Capital Group LLC boosted its stake in shares of WEC Energy Group by 0.4% during the second 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 during the period. Arvest Bank Trust Division boosted its stake in shares of WEC Energy Group by 0.7% during the second 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 during the period. Buckingham Asset Management LLC boosted its stake in shares of WEC Energy Group by 0.9% during the first quarter. Buckingham Asset Management LLC now owns 3,992 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 35 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of WEC Energy Group by 0.6% during the second 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 during the period. Finally, MAI Capital Management boosted its stake in shares of WEC Energy Group by 1.1% during the second 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 during the period. Institutional investors and hedge funds own 70.24% of the company’s stock.

Shares of WEC Energy Group, Inc. (WEC) opened at 63.61 on Friday. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 20.86 and a beta of 0.12. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $67.20. The company has a 50-day moving average of $64.96 and a 200-day moving average of $62.33.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $1.63 billion during 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%. WEC Energy Group’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post $3.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.27%. The ex-dividend date was Thursday, August 10th. WEC Energy Group’s dividend payout ratio is currently 68.42%.

In other WEC Energy Group news, VP Susan H. Martin sold 15,000 shares of WEC Energy Group stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $66.00, for a total value of $990,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gale E. Klappa sold 100,500 shares of WEC Energy Group stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $64.42, for a total value of $6,474,210.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,190 shares of company stock valued at $12,435,484. 0.97% of the stock is currently owned by corporate insiders.

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A number of analysts have recently issued reports on the stock. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Ladenburg Thalmann Financial Services boosted their target price on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a research note on Friday, September 1st. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.86.

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.

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

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