Bp Plc maintained its position in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The institutional investor owned 40,000 shares of the utilities provider’s stock at the end of the second quarter. Bp Plc’s holdings in WEC Energy Group were worth $2,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WEC. Oakworth Capital Inc. raised 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 worth $100,000 after buying an additional 132 shares in the last quarter. Trust Co. of Vermont raised its position in WEC Energy Group by 12.1% in the first quarter. Trust Co. of Vermont now owns 1,737 shares of the utilities provider’s stock worth $106,000 after buying an additional 187 shares in the last quarter. Delphi Private Advisors LLC raised 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 worth $120,000 after buying an additional 1,276 shares in the last quarter. Country Trust Bank raised 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 worth $127,000 after buying an additional 112 shares in the last quarter. Finally, Financial Architects Inc raised its position in WEC Energy Group by 7.4% in the second quarter. Financial Architects Inc now owns 2,324 shares of the utilities provider’s stock worth $142,000 after buying an additional 161 shares in the last quarter. Institutional investors own 70.72% of the company’s stock.

Shares of WEC Energy Group, Inc. (WEC) opened at 64.66 on Friday. The stock has a 50 day moving average of $62.51 and a 200 day moving average of $60.95. The stock has a market cap of $20.41 billion, a P/E ratio of 21.20 and a beta of 0.11. WEC Energy Group, Inc. has a one year low of $53.66 and a one year high of $64.94.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that WEC Energy Group, Inc. will post $3.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.22%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.

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A number of research firms have commented on WEC. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Ladenburg Thalmann Financial Services lifted their price objective on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. BidaskClub lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Barclays PLC restated an “equal weight” rating and issued a $68.00 price objective (up from $61.00) on shares of WEC Energy Group in a research note on Sunday, April 23rd. Finally, Wolfe Research restated a “peer perform” rating on shares of WEC Energy Group in a research note on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.86.

In related news, VP Susan H. Martin sold 15,470 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $62.50, for a total value of $966,875.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.97% of the stock is 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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