YorkBridge Wealth Partners LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,580 shares of the utilities provider’s stock after selling 96 shares during the period. YorkBridge Wealth Partners LLC’s holdings in WEC Energy Group were worth $280,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WEC. Ingalls & Snyder LLC lifted its holdings in shares of WEC Energy Group by 3.2% in the 1st quarter. Ingalls & Snyder LLC now owns 4,730 shares of the utilities provider’s stock worth $287,000 after acquiring an additional 147 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of WEC Energy Group by 76.0% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 63,793 shares of the utilities provider’s stock valued at $3,868,000 after purchasing an additional 27,551 shares in the last quarter. Brown Capital Management LLC raised its holdings in shares of WEC Energy Group by 3.8% in the 1st quarter. Brown Capital Management LLC now owns 9,453 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 346 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of WEC Energy Group by 8.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,908 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 399 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of WEC Energy Group by 9.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 2,692,778 shares of the utilities provider’s stock valued at $163,263,000 after purchasing an additional 226,669 shares in the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.

In other WEC Energy Group news, VP Susan H. Martin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $66.00, for a total transaction of $990,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 100,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total value of $6,474,210.00. The disclosure for this sale can be found here. Insiders sold a total of 192,190 shares of company stock worth $12,435,484 in the last 90 days. Company insiders own 0.97% of the company’s stock.

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A number of research firms recently commented on WEC. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services raised their price objective on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $58.00 target price (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. 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 currently has a consensus rating of “Hold” and an average target price of $62.86.

Shares of WEC Energy Group, Inc. (NYSE WEC) traded down 0.60% during midday trading on Friday, reaching $62.78. 1,837,867 shares of the company’s stock were exchanged. The company has a market capitalization of $19.81 billion, a PE ratio of 20.58 and a beta of 0.12. The firm has a 50-day moving average of $64.96 and a 200-day moving average of $62.33. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $67.20.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that WEC Energy Group, Inc. will post $3.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, August 10th. WEC Energy Group’s payout ratio is 68.42%.

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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