WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of WEC Energy Group, Inc. (NYSE:WECGet Rating) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,555 shares of the utilities provider’s stock after purchasing an additional 114,826 shares during the quarter. Franklin Resources Inc. owned 0.34% of WEC Energy Group worth $109,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of WEC Energy Group by 44.3% during the 2nd quarter. Park Avenue Securities LLC now owns 6,913 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 2,122 shares during the period. Buckingham Strategic Wealth LLC lifted its position in shares of WEC Energy Group by 12.9% during the 1st quarter. Buckingham Strategic Wealth LLC now owns 2,410 shares of the utilities provider’s stock valued at $241,000 after buying an additional 275 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of WEC Energy Group by 23.2% during the 1st quarter. MetLife Investment Management LLC now owns 85,828 shares of the utilities provider’s stock valued at $8,566,000 after buying an additional 16,136 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of WEC Energy Group by 32.3% during the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the utilities provider’s stock valued at $70,000 after buying an additional 172 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of WEC Energy Group during the 1st quarter valued at approximately $521,000. Institutional investors and hedge funds own 75.03% of the company’s stock.

WEC Energy Group Stock Up 1.0 %

NYSE WEC opened at $98.07 on Thursday. WEC Energy Group, Inc. has a 52 week low of $80.82 and a 52 week high of $108.39. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $98.47. The firm has a market cap of $30.93 billion, a PE ratio of 22.44, a P/E/G ratio of 3.59 and a beta of 0.35.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a dividend of $0.7275 per share. The ex-dividend date is Thursday, November 10th. This represents a $2.91 annualized dividend and a dividend yield of 2.97%. WEC Energy Group’s dividend payout ratio is presently 66.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. KeyCorp decreased their target price on WEC Energy Group from $109.00 to $94.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. StockNews.com assumed coverage on WEC Energy Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on WEC Energy Group from $89.00 to $93.00 and gave the company an “underperform” rating in a research report on Thursday, November 3rd. BMO Capital Markets raised their price objective on WEC Energy Group from $88.00 to $93.00 in a report on Wednesday, November 2nd. Finally, TheStreet lowered WEC Energy Group from a “b” rating to a “c+” rating in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $97.45.

Insider Transactions at WEC Energy Group

In related news, Director Glen E. Tellock purchased 1,000 shares of WEC Energy Group stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average price of $91.39 per share, for a total transaction of $91,390.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at $91,390. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.34% of the company’s stock.

About WEC Energy Group

(Get Rating)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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

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