Laurel Wealth Advisors Inc. held its position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,465 shares of the utilities provider’s stock at the end of the 2nd quarter. Laurel Wealth Advisors Inc.’s holdings in WEC Energy Group were worth $458,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WEC. Oakworth Capital Inc. lifted its position in shares of WEC Energy Group by 8.8% in the 2nd quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 132 shares during the period. Delphi Private Advisors LLC grew its position in WEC Energy Group by 182.3% during the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 1,276 shares during the last quarter. Country Trust Bank grew its position in WEC Energy Group by 5.7% during the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 112 shares during the last quarter. Captrust Financial Advisors bought a new position in WEC Energy Group during the second quarter valued at approximately $132,000. Finally, Private Vista LLC bought a new position in WEC Energy Group during the second quarter valued at approximately $136,000. Institutional investors and hedge funds own 70.24% of the company’s stock.
WEC Energy Group, Inc. (WEC) traded up 0.56% during mid-day trading on Tuesday, hitting $64.62. The stock had a trading volume of 246,539 shares. WEC Energy Group, Inc. has a 12 month low of $53.66 and a 12 month high of $67.20. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 21.19 and a beta of 0.12. The stock’s 50-day moving average price is $64.80 and its 200-day moving average price is $62.75.
WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, analysts predict that WEC Energy Group, Inc. will post $3.11 earnings per share for the current year.
In other news, VP Scott J. Lauber sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Susan H. Martin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $66.00, for a total value of $990,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,190 shares of company stock worth $12,435,484. Corporate insiders own 0.97% of the company’s stock.
WEC has been the topic of a number of recent research reports. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. BidaskClub cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.50.
WEC Energy Group 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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