WFG Advisors LP cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,509 shares of the utilities provider’s stock after selling 218 shares during the quarter. WFG Advisors LP’s holdings in WEC Energy Group were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in WEC Energy Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock valued at $2,023,235,000 after buying an additional 795,189 shares in the last quarter. BlackRock Inc. grew its holdings in WEC Energy Group by 0.3% during the 2nd quarter. BlackRock Inc. now owns 25,921,375 shares of the utilities provider’s stock valued at $1,591,055,000 after buying an additional 82,376 shares in the last quarter. State Street Corp grew its holdings in WEC Energy Group by 1.2% during the 1st quarter. State Street Corp now owns 16,286,113 shares of the utilities provider’s stock valued at $987,428,000 after buying an additional 200,586 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in WEC Energy Group by 8.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 6,212,698 shares of the utilities provider’s stock valued at $381,336,000 after buying an additional 492,379 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in WEC Energy Group by 1.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,762,776 shares of the utilities provider’s stock valued at $353,718,000 after buying an additional 103,009 shares in the last quarter. 70.24% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have weighed in on the company. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $62.50.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS.

In other news, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total value of $97,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Insiders sold a total of 192,190 shares of company stock valued at $12,435,484 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

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.

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

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