Clark Capital Management Group Inc. lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 4,406 shares of the utilities provider’s stock after selling 52 shares during the period. Clark Capital Management Group Inc.’s holdings in WEC Energy Group were worth $267,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new position in WEC Energy Group during the fourth quarter valued at about $376,000. Van ECK Associates Corp increased its position in WEC Energy Group by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 2,329 shares of the utilities provider’s stock valued at $137,000 after buying an additional 461 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in WEC Energy Group by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,092 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 67 shares during the last quarter. Martingale Asset Management L P increased its position in WEC Energy Group by 43.5% in the fourth quarter. Martingale Asset Management L P now owns 22,428 shares of the utilities provider’s stock valued at $1,316,000 after buying an additional 6,799 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in WEC Energy Group by 5.1% in the fourth quarter. Brown Advisory Inc. now owns 43,624 shares of the utilities provider’s stock valued at $2,558,000 after buying an additional 2,106 shares during the last quarter. 70.85% of the stock is currently owned by institutional investors and hedge funds.

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

WEC Energy Group, Inc. (WEC) traded up 0.19% during trading on Tuesday, hitting $63.95. 123,673 shares of the stock traded hands. The stock has a market cap of $20.18 billion, a P/E ratio of 21.39 and a beta of 0.12. WEC Energy Group, Inc. has a 52-week low of $53.66 and a 52-week high of $66.10. The company’s 50 day moving average price is $62.08 and its 200-day moving average price is $59.79.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.42 billion. WEC Energy Group had a net margin of 12.54% and a return on equity of 10.65%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Equities research analysts forecast that WEC Energy Group, Inc. will post $3.10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $2.08 annualized dividend and a dividend yield of 3.26%. WEC Energy Group’s payout ratio is currently 69.80%.

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Several equities analysts have issued reports on WEC shares. Zacks Investment Research downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, March 9th. Deutsche Bank AG raised their price target on shares of WEC Energy Group from $60.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reissued an “equal weight” rating and issued a $68.00 price target (up from $61.00) on shares of WEC Energy Group in a research note on Sunday, April 23rd. Wolfe Research reissued a “peer perform” rating on shares of WEC Energy Group in a research note on Monday, April 24th. Finally, Ladenburg Thalmann Financial Services raised their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $64.57.

In other news, VP James A. Schubilske sold 4,260 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $61.56, for a total transaction of $262,245.60. Following the transaction, the vice president now directly owns 8,513 shares in the company, valued at approximately $524,060.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 100,610 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $61.67, for a total transaction of $6,204,618.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,925 shares of company stock worth $8,329,130. Insiders own 0.97% of the company’s stock.

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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