Oakbrook Investments LLC decreased its holdings in WEC Energy Group Inc (NYSE:WEC) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,597 shares of the utilities provider’s stock after selling 900 shares during the quarter. Oakbrook Investments LLC’s holdings in WEC Energy Group were worth $770,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cable Hill Partners LLC grew its position in WEC Energy Group by 3,307.8% in the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,687 shares during the last quarter. Sun Life Financial INC grew its position in WEC Energy Group by 23,010.0% in the second quarter. Sun Life Financial INC now owns 2,311 shares of the utilities provider’s stock worth $142,000 after buying an additional 2,301 shares during the last quarter. Evercore Wealth Management LLC grew its position in WEC Energy Group by 9.4% in the second quarter. Evercore Wealth Management LLC now owns 2,325 shares of the utilities provider’s stock worth $143,000 after buying an additional 200 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in WEC Energy Group in the second quarter worth approximately $150,000. Finally, Pinebridge Investments L.P. acquired a new position in WEC Energy Group in the second quarter worth approximately $166,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.

WEC Energy Group Inc (NYSE:WEC) opened at $63.11 on Monday. WEC Energy Group Inc has a 52-week low of $56.05 and a 52-week high of $70.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.38 and a current ratio of 0.60. The firm has a market cap of $19,916.00, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 3.53 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. equities analysts anticipate that WEC Energy Group Inc will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.5525 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, February 13th. WEC Energy Group’s payout ratio is currently 68.42%.

In other news, VP Scott J. Lauber sold 1,240 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total transaction of $86,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Gale E. Klappa sold 52,722 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of WEC Energy Group from a “buy” rating to a “hold” rating and set a $71.00 price objective on the stock. in a research report on Sunday. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of WEC Energy Group in a research report on Wednesday, January 3rd. Credit Suisse Group assumed coverage on shares of WEC Energy Group in a research report on Thursday, December 7th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. WEC Energy Group currently has a consensus rating of “Hold” and an average target price of $66.33.

ILLEGAL ACTIVITY WARNING: “Oakbrook Investments LLC Sells 900 Shares of WEC Energy Group Inc (WEC)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2018/01/22/oakbrook-investments-llc-sells-900-shares-of-wec-energy-group-inc-wec.html.

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)

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.