BB&T Securities LLC Has $2.46 Million Stake in WEC Energy Group Inc (WEC)

BB&T Securities LLC lessened its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,017 shares of the utilities provider’s stock after selling 1,160 shares during the quarter. BB&T Securities LLC’s holdings in WEC Energy Group were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. St. Johns Investment Management Company LLC boosted its stake in shares of WEC Energy Group by 100.0% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. boosted its stake in shares of WEC Energy Group by 1,300.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,764 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 1,638 shares during the last quarter. Well Done LLC purchased a new position in shares of WEC Energy Group during the 1st quarter worth $144,000. Financial Gravity Wealth Inc. purchased a new position in shares of WEC Energy Group during the 1st quarter worth $153,000. Finally, Signaturefd LLC purchased a new position in shares of WEC Energy Group during the 1st quarter worth $166,000. Institutional investors and hedge funds own 73.21% of the company’s stock.

Several brokerages have recently weighed in on WEC. ValuEngine upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research cut shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Barclays began coverage on shares of WEC Energy Group in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $71.00 price target on the stock. Citigroup lifted their price target on shares of WEC Energy Group from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Tuesday, July 10th. Finally, Scotia Howard Weill began coverage on shares of WEC Energy Group in a research note on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 price target on the stock. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.73.

In other news, Director Barbara L. Bowles sold 2,500 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frederick D. Kuester sold 168,790 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $66.94, for a total transaction of $11,298,802.60. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.

Shares of WEC stock opened at $68.80 on Friday. The firm has a market cap of $21.68 billion and a PE ratio of 21.91. WEC Energy Group Inc has a one year low of $58.48 and a one year high of $70.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.44 and a current ratio of 0.59.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The firm 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%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. equities analysts forecast that WEC Energy Group Inc will post 3.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Tuesday, August 14th were given a dividend of $0.5525 per share. The ex-dividend date was Monday, August 13th. This represents a $2.21 annualized dividend and a dividend yield of 3.21%. WEC Energy Group’s payout ratio is 70.38%.

About WEC Energy Group

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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