WEC Energy Group Inc (WEC) Holdings Decreased by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. reduced its position in WEC Energy Group Inc (NYSE:WEC) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,585 shares of the utilities provider’s stock after selling 1,239 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of WEC Energy Group worth $17,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of WEC. Vaughan Nelson Investment Management L.P. bought a new position in shares of WEC Energy Group during the second quarter worth $47,445,000. BlackRock Inc. boosted its position in shares of WEC Energy Group by 1.5% during the first quarter. BlackRock Inc. now owns 27,220,620 shares of the utilities provider’s stock worth $1,706,733,000 after acquiring an additional 412,950 shares during the last quarter. OLD Republic International Corp boosted its position in shares of WEC Energy Group by 128.4% during the first quarter. OLD Republic International Corp now owns 715,302 shares of the utilities provider’s stock worth $44,201,000 after acquiring an additional 402,151 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of WEC Energy Group by 72.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 885,191 shares of the utilities provider’s stock worth $55,501,000 after acquiring an additional 370,429 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of WEC Energy Group by 245.1% during the second quarter. Retirement Systems of Alabama now owns 520,237 shares of the utilities provider’s stock worth $33,633,000 after acquiring an additional 369,496 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

A number of equities analysts recently weighed in on WEC shares. Citigroup started coverage on shares of WEC Energy Group in a research report on Friday, April 13th. They set a “neutral” rating and a $61.00 target price for the company. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Credit Suisse Group upped their target price on shares of WEC Energy Group from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. Bank of America raised shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 23rd. Finally, ValuEngine downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.00.



WEC Energy Group opened at $66.98 on Friday, Marketbeat.com reports. The firm has a market cap of $20.98 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 4.85 and a beta of 0.05. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95. WEC Energy Group Inc has a 52-week low of $58.48 and a 52-week high of $70.09.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.57 billion. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. WEC Energy Group’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. equities research analysts predict that WEC Energy Group Inc will post 3.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Tuesday, August 14th will be paid a dividend of $0.5525 per share. This represents a $2.21 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Monday, August 13th. WEC Energy Group’s payout ratio is 70.38%.

In related news, Director Barbara L. Bowles sold 2,500 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $66.45, for a total transaction of $166,125.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by corporate insiders.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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

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