KLCM Advisors Inc. raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,037 shares of the utilities provider’s stock after purchasing an additional 300 shares during the quarter. KLCM Advisors Inc.’s holdings in WEC Energy Group were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings 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 valued at $2,023,235,000 after purchasing an additional 795,189 shares during the last quarter. BlackRock Inc. lifted its holdings 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 valued at $1,591,055,000 after purchasing an additional 82,376 shares during the last quarter. State Street Corp lifted its holdings in WEC Energy Group by 1.2% during the 1st quarter. State Street Corp now owns 16,286,113 shares of the utilities provider’s stock valued at $987,428,000 after purchasing an additional 200,586 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings 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 valued at $381,336,000 after purchasing an additional 492,379 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 valued at $353,718,000 after purchasing an additional 103,009 shares during the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a 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 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 company a “neutral” rating in a 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 assigned a buy rating to the company’s stock. WEC Energy Group has an average rating of “Hold” and an average target price of $62.50.

In other news, VP Tom Metcalfe sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $64.44, for a total transaction of $644,400.00. Following the transaction, the vice president now owns 16,059 shares of the company’s stock, valued at approximately $1,034,841.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Susan H. Martin sold 15,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $66.00, for a total value of $990,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 192,190 shares of company stock worth $12,435,484 in the last ninety days. Insiders own 0.97% of the company’s stock.

WEC Energy Group, Inc. (NYSE WEC) traded up 0.36% on Friday, reaching $64.30. The company’s stock had a trading volume of 1,827,519 shares. The firm has a 50 day moving average of $64.80 and a 200 day moving average of $62.70. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 21.08 and a beta of 0.12. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $67.20.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post $3.11 earnings per share for the current year.

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WEC Energy Group Company 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.

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

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