WEC Energy Group, Inc. (WEC) Stake Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 17.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,231,578 shares of the utilities provider’s stock after buying an additional 333,080 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in WEC Energy Group were worth $135,448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in WEC Energy Group by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 2,329 shares of the utilities provider’s stock valued at $137,000 after buying an additional 461 shares in the last quarter. Martingale Asset Management L P boosted its position in WEC Energy Group by 43.5% in the fourth quarter. Martingale Asset Management L P now owns 22,428 shares of the utilities provider’s stock valued at $1,316,000 after buying an additional 6,799 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in WEC Energy Group by 19.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 6,200 shares of the utilities provider’s stock valued at $364,000 after buying an additional 1,000 shares in the last quarter. AQR Capital Management LLC boosted its position in WEC Energy Group by 19.1% in the fourth quarter. AQR Capital Management LLC now owns 357,272 shares of the utilities provider’s stock valued at $20,954,000 after buying an additional 57,175 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in WEC Energy Group by 3.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 14,568 shares of the utilities provider’s stock valued at $854,000 after buying an additional 526 shares in the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.

Shares of WEC Energy Group, Inc. (NYSE:WEC) opened at 63.65 on Tuesday. The stock has a 50 day moving average price of $62.19 and a 200 day moving average price of $59.85. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $66.10. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 21.29 and a beta of 0.12.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.42 billion. WEC Energy Group had a return on equity of 10.65% and a net margin of 12.54%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. On average, equities analysts anticipate that WEC Energy Group, Inc. will post $3.10 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were given a $0.52 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $2.08 annualized dividend and a yield of 3.27%. WEC Energy Group’s payout ratio is 69.80%.

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WEC has been the subject of several research analyst reports. Zacks Investment Research cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, March 9th. Deutsche Bank AG raised their price target on WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and set a $68.00 price target (up previously from $61.00) on shares of WEC Energy Group in a report on Sunday, April 23rd. Wolfe Research reaffirmed a “peer perform” rating on shares of WEC Energy Group in a research note on Monday, April 24th. Finally, Ladenburg Thalmann Financial Services raised their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. One 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 stock. WEC Energy Group has a consensus rating of “Hold” and a consensus target price of $63.75.

In related news, Director Gale E. Klappa sold 100,610 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $61.67, for a total value of $6,204,618.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James A. Schubilske sold 4,260 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $61.56, for a total value of $262,245.60. Following the completion of the transaction, the vice president now owns 8,513 shares of the company’s stock, valued at $524,060.28. The disclosure for this sale can be found here. Insiders sold 128,275 shares of company stock valued at $7,920,155 over the last quarter. 0.97% of the stock is currently owned by company insiders.

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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