WEC Energy Group Inc (WEC) Holdings Boosted by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its holdings in WEC Energy Group Inc (NYSE:WEC) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,519 shares of the utilities provider’s stock after buying an additional 1,635 shares during the quarter. Bridges Investment Management Inc.’s holdings in WEC Energy Group were worth $765,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Curbstone Financial Management Corp raised its position in WEC Energy Group by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 9,506 shares of the utilities provider’s stock worth $597,000 after buying an additional 4,753 shares during the last quarter. KBC Group NV increased its position in shares of WEC Energy Group by 11.0% during the 3rd quarter. KBC Group NV now owns 37,264 shares of the utilities provider’s stock valued at $2,339,000 after purchasing an additional 3,687 shares during the last quarter. AMP Capital Investors Ltd increased its position in shares of WEC Energy Group by 3.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 160,388 shares of the utilities provider’s stock valued at $10,069,000 after purchasing an additional 4,970 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of WEC Energy Group by 8.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 230,663 shares of the utilities provider’s stock valued at $14,481,000 after purchasing an additional 17,196 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of WEC Energy Group by 1.2% during the 3rd quarter. Macquarie Group Ltd. now owns 229,433 shares of the utilities provider’s stock valued at $14,403,000 after purchasing an additional 2,750 shares during the last quarter. 72.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of WEC Energy Group from a “buy” rating to a “hold” rating and set a $71.00 price target for the company. in a research report on Sunday, January 21st. UBS Group assumed coverage on shares of WEC Energy Group in a research report on Friday, February 2nd. They set a “neutral” rating and a $65.00 price target for the company. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Wells Fargo & Co reduced their price target on shares of WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $73.00 price target on shares of WEC Energy Group in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. WEC Energy Group has an average rating of “Hold” and an average price target of $67.40.

WEC Energy Group Inc (NYSE WEC) opened at $61.32 on Friday. The stock has a market capitalization of $18,978.66, a P/E ratio of 19.15, a P/E/G ratio of 4.32 and a beta of 0.04. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.57. WEC Energy Group Inc has a 52 week low of $56.87 and a 52 week high of $70.09.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.94 billion. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. research analysts predict that WEC Energy Group Inc will post 3.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 14th will be paid a dividend of $0.5525 per share. The ex-dividend date is Tuesday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.60%. WEC Energy Group’s payout ratio is 58.31%.

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WEC Energy Group Company Profile

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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