Winslow Evans & Crocker Inc. maintained its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The institutional investor owned 3,358 shares of the utilities provider’s stock at the end of the second quarter. Winslow Evans & Crocker Inc.’s holdings in WEC Energy Group were worth $206,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Edgemoor Investment Advisors Inc. acquired a new stake in shares of WEC Energy Group during the first quarter valued at approximately $202,000. Shell Asset Management Co. boosted its stake in shares of WEC Energy Group by 7.5% in the first quarter. Shell Asset Management Co. now owns 36,628 shares of the utilities provider’s stock valued at $2,221,000 after buying an additional 2,565 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of WEC Energy Group by 1.6% in the first quarter. Hennessy Advisors Inc. now owns 808,590 shares of the utilities provider’s stock valued at $49,025,000 after buying an additional 13,000 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in shares of WEC Energy Group by 20.4% in the first quarter. Archford Capital Strategies LLC now owns 7,735 shares of the utilities provider’s stock valued at $469,000 after buying an additional 1,313 shares during the last quarter. Finally, Advisor Partners LLC boosted its stake in shares of WEC Energy Group by 22.1% in the first quarter. Advisor Partners LLC now owns 6,705 shares of the utilities provider’s stock valued at $407,000 after buying an additional 1,215 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.

WEC Energy Group, Inc. (WEC) opened at 61.60 on Tuesday. The company has a market cap of $19.44 billion, a PE ratio of 20.60 and a beta of 0.11. The company has a 50-day moving average price of $62.59 and a 200 day moving average price of $60.14. WEC Energy Group, Inc. has a 12-month low of $53.66 and a 12-month high of $65.63.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. WEC Energy Group had a return on equity of 10.65% and a net margin of 12.54%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts forecast that WEC Energy Group, Inc. will post $3.10 EPS for the current fiscal year.

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WEC has been the topic of several research analyst reports. Barclays PLC restated an “equal weight” rating and set a $68.00 target price (up previously from $61.00) on shares of WEC Energy Group in a report on Sunday, April 23rd. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. BidaskClub cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Deutsche Bank AG raised their price target on WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $63.67.

In other WEC Energy Group news, VP Susan H. Martin sold 15,470 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $62.50, for a total value of $966,875.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Tom Metcalfe sold 7,935 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $61.30, for a total value of $486,415.50. Following the completion of the sale, the vice president now owns 13,994 shares in the company, valued at approximately $857,832.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,275 shares of company stock valued at $7,920,155. 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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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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