Public Employees Retirement System of Ohio reduced its stake in WEC Energy Group Inc (NYSE:WEC) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 154,951 shares of the utilities provider’s stock after selling 6,417 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in WEC Energy Group were worth $10,018,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. South Street Advisors LLC lifted its holdings in WEC Energy Group by 0.4% during the 2nd quarter. South Street Advisors LLC now owns 180,490 shares of the utilities provider’s stock worth $11,668,000 after buying an additional 750 shares in the last quarter. Legacy Capital Partners Inc. lifted its holdings in WEC Energy Group by 3.1% during the 2nd quarter. Legacy Capital Partners Inc. now owns 26,129 shares of the utilities provider’s stock worth $1,689,000 after buying an additional 775 shares in the last quarter. St. Johns Investment Management Company LLC lifted its holdings in WEC Energy Group by 100.0% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock worth $102,000 after buying an additional 800 shares in the last quarter. Homrich & Berg lifted its holdings in WEC Energy Group by 6.6% during the 2nd quarter. Homrich & Berg now owns 13,279 shares of the utilities provider’s stock worth $858,000 after buying an additional 819 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in WEC Energy Group by 5.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 15,236 shares of the utilities provider’s stock worth $955,000 after buying an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Shares of WEC opened at $65.75 on Wednesday. WEC Energy Group Inc has a twelve month low of $58.48 and a twelve month high of $70.09. The firm has a market capitalization of $21.22 billion and a PE ratio of 20.94. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 2.5% on a year-over-year basis. equities analysts expect that WEC Energy Group Inc will post 3.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Tuesday, August 14th were issued a $0.5525 dividend. The ex-dividend date of this dividend was Monday, August 13th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.36%. WEC Energy Group’s payout ratio is 70.38%.

A number of research firms have issued reports on WEC. Wells Fargo & Co increased their target price on shares of WEC Energy Group from $71.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Scotia Howard Weill began coverage on shares of WEC Energy Group in a report on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 target price on the stock. Howard Weil began coverage on shares of WEC Energy Group in a report on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 target price on the stock. Zacks Investment Research lowered shares of WEC Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, Goldman Sachs Group upgraded shares of WEC Energy Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 19th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $69.09.

In related news, insider Frederick D. Kuester sold 168,790 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $66.94, for a total value of $11,298,802.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara L. Bowles sold 2,500 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $66.45, for a total transaction of $166,125.00. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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

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