Yorktown Management & Research Co Inc held its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the utilities provider’s stock at the close of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in WEC Energy Group were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings 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 acquiring an additional 132 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 acquiring 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 acquiring an additional 112 shares in the last quarter. Captrust Financial Advisors bought a new stake in WEC Energy Group in the second quarter worth about $132,000. Finally, Private Vista LLC bought a new stake in WEC Energy Group in the second quarter worth about $136,000. Hedge funds and other institutional investors own 70.24% of the company’s stock.

In other WEC Energy Group news, VP Susan H. Martin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $66.00, for a total value of $990,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 100,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $64.42, for a total value of $6,474,210.00. The disclosure for this sale can be found here. In the last three months, insiders sold 192,190 shares of company stock worth $12,435,484. 0.97% of the stock is owned by insiders.

WEC Energy Group, Inc. (WEC) opened at 65.48 on Tuesday. The stock has a market cap of $20.66 billion, a PE ratio of 21.47 and a beta of 0.12. The firm’s 50-day moving average price is $64.90 and its 200 day moving average price is $62.28. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $67.20.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 10th. WEC Energy Group’s dividend payout ratio is presently 68.42%.

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Several brokerages have commented on WEC. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services boosted 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 report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.86.

About WEC Energy Group

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.

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

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