Parametric Portfolio Associates LLC grew its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,013,346 shares of the utilities provider’s stock after purchasing an additional 26,487 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.32% of WEC Energy Group worth $63,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ARGI Investment Services LLC purchased a new stake in WEC Energy Group in the second quarter worth about $870,000. Principal Financial Group Inc. lifted its stake in WEC Energy Group by 362.0% in the second quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock worth $134,737,000 after acquiring an additional 1,719,955 shares during the period. KBC Group NV lifted its stake in WEC Energy Group by 14.1% in the second quarter. KBC Group NV now owns 33,577 shares of the utilities provider’s stock worth $2,061,000 after acquiring an additional 4,152 shares during the period. Marshall Wace North America L.P. lifted its stake in WEC Energy Group by 493.4% in the second quarter. Marshall Wace North America L.P. now owns 57,675 shares of the utilities provider’s stock worth $3,518,000 after acquiring an additional 47,955 shares during the period. Finally, Swiss National Bank lifted its stake in WEC Energy Group by 2.2% in the second quarter. Swiss National Bank now owns 1,720,581 shares of the utilities provider’s stock worth $105,609,000 after acquiring an additional 37,600 shares during the period. 72.59% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company 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. Credit Suisse Group assumed coverage on shares of WEC Energy Group in a research note on Thursday, December 7th. They issued a “neutral” rating and a $70.00 price objective for the company. Bank of America assumed coverage on shares of WEC Energy Group in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 price objective for the company. 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, seven have given a hold rating and two have issued a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and an average price target of $66.00.

In other news, Chairman Gale E. Klappa sold 52,722 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott J. Lauber sold 1,240 shares of the company’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. Corporate insiders own 0.97% of the company’s stock.

WEC Energy Group Inc (WEC) opened at $67.47 on Tuesday. 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 quick ratio of 0.38, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. The company has a market cap of $21,512.79, a PE ratio of 22.42, a price-to-earnings-growth ratio of 4.05 and a beta of 0.15.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.5525 per share. The ex-dividend date is Tuesday, February 13th. This represents a $2.21 annualized dividend and a dividend yield of 3.28%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.52. WEC Energy Group’s dividend payout ratio is 68.42%.

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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.

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

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