Mogy Joel R Investment Counsel Inc. lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,408 shares of the utilities provider’s stock after selling 3,100 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in WEC Energy Group were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in WEC. Vanguard Group Inc. lifted its stake in WEC Energy Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock worth $2,023,235,000 after acquiring an additional 795,189 shares in the last quarter. BlackRock Inc. lifted its stake in WEC Energy Group by 0.3% during the 2nd quarter. BlackRock Inc. now owns 25,921,375 shares of the utilities provider’s stock worth $1,591,055,000 after acquiring an additional 82,376 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in 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 acquiring an additional 492,379 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in WEC Energy Group by 1.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,762,776 shares of the utilities provider’s stock worth $353,718,000 after acquiring an additional 103,009 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in 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 acquiring an additional 638,010 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Bank of America Corporation increased their target price on WEC Energy Group from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, October 27th. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. Finally, BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.43.

WEC Energy Group, Inc. (WEC) traded up $0.08 on Thursday, hitting $68.27. The stock had a trading volume of 804,200 shares, compared to its average volume of 1,641,017. WEC Energy Group, Inc. has a fifty-two week low of $54.96 and a fifty-two week high of $70.09. The stock has a market cap of $21,570.00, a P/E ratio of 22.43, a P/E/G ratio of 4.13 and a beta of 0.15. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The business 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 business posted $0.69 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. analysts forecast that WEC Energy Group, Inc. will post 3.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 3.05%. WEC Energy Group’s dividend payout ratio is presently 68.42%.

In related news, VP Scott J. Lauber sold 1,240 shares of the firm’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 transaction of $86,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Gale E. Klappa sold 52,722 shares of the 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. Insiders have sold a total of 68,962 shares of company stock worth $4,735,707 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/wec-energy-group-inc-wec-stake-lowered-by-mogy-joel-r-investment-counsel-inc/1722279.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.