Keystone Financial Planning Inc. increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,764 shares of the utilities provider’s stock after buying an additional 1,237 shares during the period. WEC Energy Group makes up 2.2% of Keystone Financial Planning Inc.’s portfolio, making the stock its 25th largest position. Keystone Financial Planning Inc.’s holdings in WEC Energy Group were worth $3,607,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WEC. Macquarie Group Ltd. raised its stake in WEC Energy Group by 1.9% in the fourth quarter. Macquarie Group Ltd. now owns 248,083 shares of the utilities provider’s stock worth $14,550,000 after buying an additional 4,535 shares during the period. National Pension Service raised its stake in WEC Energy Group by 5.4% in the first quarter. National Pension Service now owns 263,490 shares of the utilities provider’s stock worth $15,923,000 after buying an additional 13,464 shares during the period. Highland Capital Management LLC bought a new stake in WEC Energy Group during the first quarter worth about $212,000. Bank of Montreal Can raised its stake in WEC Energy Group by 3.0% in the first quarter. Bank of Montreal Can now owns 583,752 shares of the utilities provider’s stock worth $35,392,000 after buying an additional 17,147 shares during the period. Finally, BKD Wealth Advisors LLC raised its stake in WEC Energy Group by 9.5% in the first quarter. BKD Wealth Advisors LLC now owns 5,747 shares of the utilities provider’s stock worth $348,000 after buying an additional 497 shares during the period. 70.72% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group, Inc. (NYSE:WEC) opened at 63.84 on Friday. The company’s 50-day moving average is $62.52 and its 200 day moving average is $60.98. The company has a market cap of $20.15 billion, a price-to-earnings ratio of 20.93 and a beta of 0.11. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $64.94.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that WEC Energy Group, Inc. will post $3.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 10th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.42%.

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A number of analysts have recently issued reports on WEC shares. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Barclays PLC reissued an “equal weight” rating and issued a $68.00 price target (up from $61.00) on shares of WEC Energy Group in a research report on Sunday, April 23rd. Wolfe Research reissued a “peer perform” rating on shares of WEC Energy Group in a research report on Monday, April 24th. Ladenburg Thalmann Financial Services increased their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.86.

In other WEC Energy Group news, VP Susan H. Martin sold 15,470 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $62.50, for a total transaction of $966,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.97% of the company’s stock.

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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