Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 2,945 Shares of WEC Energy Group, Inc. (WEC)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,987 shares of the utilities provider’s stock after acquiring an additional 2,945 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in WEC Energy Group were worth $3,075,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oakworth Capital Inc. grew its position in WEC Energy Group by 8.8% in the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 132 shares in the last quarter. Cable Hill Partners LLC grew its position in WEC Energy Group by 3,307.8% in the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,687 shares in the last quarter. Delphi Private Advisors LLC grew its position in WEC Energy Group by 182.3% in the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 1,276 shares in the last quarter. Country Trust Bank grew its position in WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 112 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in WEC Energy Group in the second quarter valued at approximately $132,000. 71.09% of the stock is owned by institutional investors.

Shares of WEC Energy Group, Inc. (NYSE WEC) opened at $68.19 on Monday. WEC Energy Group, Inc. has a 1 year low of $54.96 and a 1 year high of $70.09. The firm has a market cap of $21,520.00, a P/E ratio of 22.43, a PEG ratio of 4.13 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.38 and a current ratio of 0.60.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. research analysts expect that WEC Energy Group, Inc. will post 3.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, November 13th. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.

A number of analysts have recently weighed in on WEC shares. BidaskClub downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Finally, Bank of America Corporation started coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.43.

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In related news, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction on 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. Insiders have sold 93,504 shares of company stock worth $6,331,754 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

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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