Public Employees Retirement Association of Colorado cut its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,870 shares of the utilities provider’s stock after selling 6,009 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in WEC Energy Group were worth $3,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ARGI Investment Services LLC bought a new stake in shares of WEC Energy Group during the second quarter valued at approximately $870,000. Principal Financial Group Inc. boosted its position in shares of WEC Energy Group by 362.0% during the second quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock valued at $134,737,000 after purchasing an additional 1,719,955 shares in the last quarter. KBC Group NV boosted its position in shares of WEC Energy Group by 14.1% during the second quarter. KBC Group NV now owns 33,577 shares of the utilities provider’s stock valued at $2,061,000 after purchasing an additional 4,152 shares in the last quarter. Marshall Wace North America L.P. boosted its position in shares of WEC Energy Group by 493.4% during the second quarter. Marshall Wace North America L.P. now owns 57,675 shares of the utilities provider’s stock valued at $3,518,000 after purchasing an additional 47,955 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of WEC Energy Group by 2.2% during the second quarter. Swiss National Bank now owns 1,720,581 shares of the utilities provider’s stock valued at $105,609,000 after purchasing an additional 37,600 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Several research firms recently weighed in on WEC. BidaskClub upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Bank of America Corporation assumed coverage on WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.86.

WEC Energy Group, Inc. (NYSE:WEC) opened at $67.66 on Tuesday. The company has a market cap of $21,512.79, a PE ratio of 22.42, a price-to-earnings-growth ratio of 4.29 and a beta of 0.14. The company has a quick ratio of 0.38, a current ratio of 0.60 and a debt-to-equity ratio of 0.96.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. analysts expect that WEC Energy Group, Inc. will post 3.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, November 13th. WEC Energy Group’s dividend payout ratio is currently 68.42%.

In other news, VP Scott J. Lauber sold 1,500 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Susan H. Martin sold 15,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.00, for a total value of $990,000.00. The disclosure for this sale can be found here. Insiders sold 192,190 shares of company stock valued at $12,435,484 in the last 90 days. Company insiders own 0.97% of the company’s stock.

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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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