Raymond James Trust N.A. lowered its stake in WEC Energy Group Inc (NYSE:WEC) by 19.6% during the fourth quarter, HoldingsChannel reports. The firm owned 11,855 shares of the utilities provider’s stock after selling 2,888 shares during the period. Raymond James Trust N.A.’s holdings in WEC Energy Group were worth $788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WEC. Wells Fargo & Company MN increased its stake in WEC Energy Group by 36.6% in the 3rd quarter. Wells Fargo & Company MN now owns 7,366,777 shares of the utilities provider’s stock worth $462,486,000 after purchasing an additional 1,972,929 shares in the last quarter. APG Asset Management N.V. increased its stake in WEC Energy Group by 170.9% in the 4th quarter. APG Asset Management N.V. now owns 2,403,530 shares of the utilities provider’s stock worth $132,967,000 after purchasing an additional 1,516,384 shares in the last quarter. Janus Henderson Group PLC increased its stake in WEC Energy Group by 2,687.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,200,291 shares of the utilities provider’s stock worth $73,674,000 after purchasing an additional 1,157,227 shares in the last quarter. Ameriprise Financial Inc. increased its stake in WEC Energy Group by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,849,244 shares of the utilities provider’s stock worth $178,873,000 after purchasing an additional 638,010 shares in the last quarter. Finally, FMR LLC increased its stake in WEC Energy Group by 189.3% in the 2nd quarter. FMR LLC now owns 536,408 shares of the utilities provider’s stock worth $32,925,000 after purchasing an additional 351,003 shares in the last quarter. 73.13% of the stock is currently owned by hedge funds and other institutional investors.

WEC has been the topic of a number of analyst reports. Bank of America lifted their price target 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 $74.00 price target on the stock in a research note on Saturday, January 6th. Credit Suisse Group initiated coverage on WEC Energy Group in a research note on Thursday, December 7th. They issued a “neutral” rating and a $70.00 price target on the stock. Guggenheim reissued a “buy” rating and issued a $73.00 price target on shares of WEC Energy Group in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Co dropped their price target on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating on the stock in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $67.40.

Shares of WEC Energy Group Inc (NYSE:WEC) opened at $60.19 on Wednesday. WEC Energy Group Inc has a 1 year low of $56.63 and a 1 year high of $70.09. The company has a market capitalization of $19,303.70, a PE ratio of 19.48, a price-to-earnings-growth ratio of 4.39 and a beta of 0.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.57.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. equities analysts predict that WEC Energy Group Inc will post 3.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.5525 per share. The ex-dividend date is Tuesday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 dividend on an annualized basis and a yield of 3.67%. WEC Energy Group’s dividend payout ratio (DPR) is presently 54.88%.

In other WEC Energy Group news, VP Scott J. Lauber sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total transaction of $86,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction dated 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. Company insiders own 0.97% of the company’s stock.

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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.

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

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