The HPM Partners LLC Buys Shares of 6,012 WEC Energy Group Inc (WEC)

The HPM Partners LLC Buys Shares of 6,012 WEC Energy Group Inc (WEC)

A number of other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC raised its stake in WEC Energy Group by 0.4% in the third quarter. Hudock Capital Group LLC now owns 4,272 shares of the utilities provider’s stock worth $255,000 after buying an additional 16 shares during the last quarter. Enterprise Financial Services Corp raised its stake in WEC Energy Group by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 2,822 shares of the utilities provider’s stock worth $171,000 after buying an additional 22 shares during the last quarter. Archford Capital Strategies LLC raised its stake in WEC Energy Group by 0.7% in the fourth quarter. Archford Capital Strategies LLC now owns 6,422 shares of the utilities provider’s stock worth $376,000 after buying an additional 42 shares during the last quarter. Winch Advisory Services LLC raised its stake in WEC Energy Group by 0.8% in the third quarter. Winch Advisory Services LLC now owns 6,138 shares of the utilities provider’s stock worth $368,000 after buying an additional 50 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in WEC Energy Group by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,092 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 67 shares during the last quarter. Institutional investors own 69.55% of the company’s stock.

HPM Partners LLC acquired a new position in WEC Energy Group Inc (NYSE:WEC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,012 shares of the utilities provider’s stock, valued at approximately $365,000.

WEC Energy Group Inc (NYSE:WEC) opened at 63.57 on Monday. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 21.26 and a beta of 0.06. The firm’s 50-day moving average is $61.21 and its 200 day moving average is $59.18. WEC Energy Group Inc has a 52 week low of $53.66 and a 52 week high of $66.10.

WEC Energy Group (NYSE:WEC) last issued its earnings results 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. WEC Energy Group had a return on equity of 15.84% and a net margin of 15.49%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that WEC Energy Group Inc will post $3.10 EPS for the current year. The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, May 10th. WEC Energy Group’s payout ratio is currently 70.51%.

WEC Energy Group (NYSE:WEC) last issued its earnings results 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. WEC Energy Group had a return on equity of 15.84% and a net margin of 15.49%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that WEC Energy Group Inc will post $3.10 EPS for the current year. A number of research firms have recently issued reports on WEC. Wolfe Research reaffirmed a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. Barclays PLC reissued an “equal weight” rating and issued a $68.00 price objective (up previously from $61.00) on shares of WEC Energy Group in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Finally, Deutsche Bank AG upped their price objective on shares of WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.50.

In other news, Director Gale E. Klappa sold 100,610 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $61.67, for a total transaction of $6,204,618.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Tom Metcalfe sold 7,935 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $61.30, for a total value of $486,415.50. Following the transaction, the vice president now directly owns 13,994 shares in the company, valued at approximately $857,832.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,925 shares of company stock worth $8,329,130. Insiders own 0.81% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WEC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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