Sei Investments Co. grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,744 shares of the utilities provider’s stock after purchasing an additional 30,225 shares during the quarter. Sei Investments Co. owned approximately 0.07% of WEC Energy Group worth $13,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WEC. Principal Financial Group Inc. boosted its stake in WEC Energy Group by 362.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock worth $134,737,000 after purchasing an additional 1,719,955 shares during the last quarter. Janus Henderson Group PLC boosted its stake in WEC Energy Group by 2,687.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,200,291 shares of the utilities provider’s stock worth $73,674,000 after purchasing an additional 1,157,227 shares during the last quarter. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock worth $2,023,235,000 after purchasing an additional 795,189 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in WEC Energy Group by 8.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 6,212,698 shares of the utilities provider’s stock worth $381,336,000 after purchasing an additional 492,379 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in WEC Energy Group by 57.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,020,953 shares of the utilities provider’s stock worth $62,666,000 after purchasing an additional 370,937 shares during the last quarter. 70.30% of the stock is currently owned by institutional investors.

WEC Energy Group, Inc. (NYSE:WEC) opened at $68.19 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. The firm has a market cap of $21,700.00, a PE ratio of 22.87, a PEG ratio of 4.37 and a beta of 0.15. WEC Energy Group, Inc. has a 1 year low of $54.96 and a 1 year high of $70.09.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 3.05%. WEC Energy Group’s payout ratio is 68.42%.

Several equities research analysts have issued reports on the stock. Bank of America Corporation lifted their target price on shares of WEC Energy Group from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research note on Friday, October 20th. Finally, BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One research 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 has a consensus rating of “Hold” and a consensus price target of $65.43.

In other news, Director Gale E. Klappa sold 10,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $64.86, for a total transaction of $648,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott J. Lauber sold 1,240 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total transaction of $86,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,504 shares of company stock worth $6,980,354. Corporate insiders own 0.97% of the company’s stock.

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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.

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

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