Clean Yield Group held its position in shares of WEC Energy Group Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The institutional investor owned 9,306 shares of the company’s stock at the end of the second quarter. Clean Yield Group’s holdings in WEC Energy Group were worth $608,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of WEC Energy Group by 7.3% in the first quarter. State Street Corp now owns 15,271,745 shares of the company’s stock valued at $917,370,000 after buying an additional 1,042,287 shares during the last quarter. BlackRock Fund Advisors raised its position in WEC Energy Group by 6.7% in the first quarter. BlackRock Fund Advisors now owns 9,306,065 shares of the company’s stock worth $559,015,000 after buying an additional 582,271 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in WEC Energy Group by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,628,244 shares of the company’s stock worth $518,299,000 after buying an additional 29,247 shares in the last quarter. BlackRock Group LTD raised its position in WEC Energy Group by 1.4% in the first quarter. BlackRock Group LTD now owns 2,825,754 shares of the company’s stock worth $169,742,000 after buying an additional 38,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in WEC Energy Group by 1.6% in the first quarter. Geode Capital Management LLC now owns 2,651,526 shares of the company’s stock worth $158,966,000 after buying an additional 40,743 shares in the last quarter. 70.65% of the stock is currently owned by institutional investors.
Shares of WEC Energy Group Inc. (NYSE:WEC) traded down 0.83% during midday trading on Friday, reaching $59.88. 2,245,345 shares of the company’s stock were exchanged. WEC Energy Group Inc. has a 12 month low of $47.98 and a 12 month high of $66.10. The company has a market cap of $18.90 billion, a P/E ratio of 21.38 and a beta of 0.10. The firm has a 50 day moving average price of $61.03 and a 200 day moving average price of $61.07.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $2.03 billion. WEC Energy Group had a net margin of 12.13% and a return on equity of 10.52%. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. Equities research analysts forecast that WEC Energy Group Inc. will post $2.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, August 10th. WEC Energy Group’s dividend payout ratio is 70.46%.
A number of equities analysts recently commented on WEC shares. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, September 16th. Argus reaffirmed a “buy” rating and set a $70.00 price target (up from $65.00) on shares of WEC Energy Group in a research report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $58.25.
In other WEC Energy Group news, VP Susan H. Martin sold 40,000 shares of WEC Energy Group stock in a transaction on Monday, August 1st. The shares were sold at an average price of $65.05, for a total transaction of $2,602,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert M. Garvin sold 19,225 shares of WEC Energy Group stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $61.62, for a total transaction of $1,184,644.50. Following the transaction, the executive vice president now directly owns 27,710 shares in the company, valued at $1,707,490.20. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.
About WEC Energy Group
WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.
Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc. (NYSE:WEC).
Receive News & Ratings for WEC Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.