Epoch Investment Partners Inc. grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,212,698 shares of the utilities provider’s stock after buying an additional 492,379 shares during the period. WEC Energy Group makes up 1.3% of Epoch Investment Partners Inc.’s portfolio, making the stock its 16th biggest position. Epoch Investment Partners Inc. owned approximately 1.97% of WEC Energy Group worth $381,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hudock Capital Group LLC raised its position 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 worth $265,000 after purchasing an additional 17 shares during the period. Arvest Bank Trust Division raised its position 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 worth $255,000 after purchasing an additional 27 shares during the period. Buckingham Asset Management LLC raised its position 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 worth $242,000 after purchasing an additional 35 shares during the period. Parkside Financial Bank & Trust raised its position 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 worth $459,000 after purchasing an additional 41 shares during the period. Finally, MAI Capital Management raised its position 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 worth $258,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 70.24% of the company’s stock.

A number of equities research analysts have recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services raised their price target on WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and an average price target of $62.86.

In related news, Director Gale E. Klappa sold 100,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total transaction of $6,474,210.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Tom Metcalfe sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $64.44, for a total value of $644,400.00. Following the sale, the vice president now owns 16,059 shares in the company, valued at approximately $1,034,841.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,190 shares of company stock worth $12,435,484. 0.97% of the stock is owned by corporate insiders.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year.

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

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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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