Mutual of America Capital Management LLC reduced its stake in shares of WEC Energy Group Inc. (NYSE:WEC) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,718 shares of the company’s stock after selling 1,010 shares during the period. Mutual of America Capital Management LLC’s holdings in WEC Energy Group were worth $2,139,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WEC. Mizuho Trust & Banking Co. Ltd. increased its stake in WEC Energy Group by 1.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 507,972 shares of the company’s stock valued at $33,171,000 after buying an additional 8,892 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in WEC Energy Group during the second quarter valued at about $3,176,000. IBM Retirement Fund increased its stake in WEC Energy Group by 1.0% in the second quarter. IBM Retirement Fund now owns 41,414 shares of the company’s stock valued at $2,787,000 after buying an additional 395 shares during the last quarter. Retirement Systems of Alabama increased its stake in WEC Energy Group by 0.8% in the second quarter. Retirement Systems of Alabama now owns 160,920 shares of the company’s stock valued at $10,508,000 after buying an additional 1,261 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in WEC Energy Group by 3.2% in the second quarter. Hennessy Advisors Inc. now owns 748,590 shares of the company’s stock valued at $48,883,000 after buying an additional 23,000 shares during the last quarter. 68.70% of the stock is owned by institutional investors and hedge funds.

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

WEC Energy Group Inc. (NYSE:WEC) traded down 0.02% during midday trading on Tuesday, hitting $58.03. The stock had a trading volume of 2,126,897 shares. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 19.91 and a beta of 0.06. The firm has a 50 day moving average of $57.28 and a 200 day moving average of $60.69. WEC Energy Group Inc. has a 52 week low of $47.98 and a 52 week high of $66.10.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $2.15 billion. WEC Energy Group had a return on equity of 10.76% and a net margin of 12.58%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities research analysts predict that WEC Energy Group Inc. will post $2.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.98 annualized dividend and a yield of 3.41%. WEC Energy Group’s payout ratio is 68.04%.

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Several analysts recently issued reports on WEC shares. Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, October 19th. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a research note on Wednesday, November 9th. Guggenheim assumed coverage on WEC Energy Group in a research note on Thursday, November 3rd. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Argus restated a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of WEC Energy Group in a research note on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $61.78.

WEC Energy Group Company Profile

WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.

5 Day Chart for NYSE:WEC

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