Bank of Montreal Can lowered its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 675,799 shares of the utilities provider’s stock after selling 21,737 shares during the quarter. Bank of Montreal Can’s holdings in WEC Energy Group were worth $44,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of WEC Energy Group by 36.6% during the 3rd quarter. Wells Fargo & Company MN now owns 7,366,777 shares of the utilities provider’s stock valued at $462,486,000 after acquiring an additional 1,972,929 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of 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 period. Ameriprise Financial Inc. grew its holdings in shares of WEC Energy Group by 28.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,849,244 shares of the utilities provider’s stock worth $178,873,000 after purchasing an additional 638,010 shares during the period. Legal & General Group Plc grew its holdings in shares of WEC Energy Group by 4.3% during the 3rd quarter. Legal & General Group Plc now owns 2,588,348 shares of the utilities provider’s stock worth $162,500,000 after purchasing an additional 106,633 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of WEC Energy Group by 7.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,494,698 shares of the utilities provider’s stock worth $157,276,000 after purchasing an additional 165,710 shares during the period. 72.59% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on WEC shares. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. Bank of America started coverage on WEC Energy Group in a report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 target price for the company. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, October 27th. Credit Suisse Group started coverage on WEC Energy Group in a report on Thursday, December 7th. They set a “neutral” rating and a $70.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of WEC Energy Group in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $66.33.

In other WEC Energy Group news, VP Scott J. Lauber sold 1,240 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total value of $86,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gale E. Klappa sold 52,722 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total value of $3,658,906.80. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

WEC Energy Group Inc (WEC) opened at $63.11 on Friday. The firm has a market capitalization of $19,966.47, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.15. WEC Energy Group Inc has a fifty-two week low of $56.05 and a fifty-two week high of $70.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm 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%. WEC Energy Group’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. equities analysts forecast that WEC Energy Group Inc will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a $0.5525 dividend. This represents a $2.21 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Tuesday, February 13th. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. WEC Energy Group’s dividend payout ratio is currently 68.42%.

ILLEGAL ACTIVITY NOTICE: “WEC Energy Group Inc (WEC) Shares Sold by Bank of Montreal Can” was published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/wec-energy-group-inc-wec-shares-sold-by-bank-of-montreal-can/1816451.html.

WEC Energy Group 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.

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc (NYSE:WEC).

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

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.