Public Employees Retirement Association of Colorado grew its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,883 shares of the utilities provider’s stock after purchasing an additional 2,013 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in WEC Energy Group were worth $4,044,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Sentry Investment Management LLC increased its position in shares of WEC Energy Group by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 24,811 shares of the utilities provider’s stock valued at $1,523,000 after purchasing an additional 265 shares during the last quarter. Strs Ohio increased its position in shares of WEC Energy Group by 1.6% during the 3rd quarter. Strs Ohio now owns 50,048 shares of the utilities provider’s stock valued at $3,142,000 after purchasing an additional 777 shares during the last quarter. Becker Capital Management Inc. increased its position in shares of WEC Energy Group by 17.8% during the 3rd quarter. Becker Capital Management Inc. now owns 5,181 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 781 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of WEC Energy Group by 3.4% during the 3rd quarter. Reilly Financial Advisors LLC now owns 24,941 shares of the utilities provider’s stock valued at $1,566,000 after purchasing an additional 810 shares during the last quarter. Finally, Sii Investments Inc. WI increased its position in shares of WEC Energy Group by 6.8% during the 3rd quarter. Sii Investments Inc. WI now owns 12,899 shares of the utilities provider’s stock valued at $812,000 after purchasing an additional 820 shares during the last quarter. 73.13% of the stock is owned by hedge funds and other institutional investors.

Shares of WEC Energy Group Inc (WEC) opened at $61.10 on Friday. WEC Energy Group Inc has a twelve month low of $56.63 and a twelve month high of $70.09. The firm has a market capitalization of $18,776.69, a PE ratio of 16.12, a P/E/G ratio of 4.27 and a beta of 0.05. The company has a quick ratio of 0.43, a current ratio of 0.57 and a debt-to-equity ratio of 0.92.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the 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 company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. analysts forecast that WEC Energy Group Inc will post 3.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 14th will be issued a $0.5525 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.21 annualized dividend and a yield of 3.62%. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.52. WEC Energy Group’s dividend payout ratio (DPR) is 54.88%.

Several brokerages have recently issued reports on WEC. UBS Group began coverage on WEC Energy Group in a research report on Friday, February 2nd. They set a “neutral” rating and a $65.00 target price for the company. Wells Fargo & Co decreased their target price on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Zacks Investment Research lowered WEC Energy Group from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a research report on Sunday, January 21st. Guggenheim reissued a “buy” rating and issued a $73.00 price objective on shares of WEC Energy Group in a report on Wednesday, January 3rd. Finally, Credit Suisse Group assumed coverage on WEC Energy Group in a report on Thursday, December 7th. They issued a “neutral” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.40.

In other WEC Energy Group news, Chairman Gale E. Klappa sold 52,722 shares of WEC Energy Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total transaction of $3,658,906.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott J. Lauber sold 1,240 shares of WEC Energy Group stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total value of $86,800.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.

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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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