The TIAA CREF Trust Co. FSB MO Buys 1,906 Shares of WEC Energy Group Inc (WEC)

The TIAA CREF Trust Co. FSB MO Buys 1,906 Shares of WEC Energy Group Inc (WEC)

Several other large investors also recently made changes to their positions in the stock. Hudock Capital Group LLC raised its position in shares of 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 valued at $255,000 after buying an additional 16 shares during the last quarter. Enterprise Financial Services Corp raised its stake in shares of 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 valued at $171,000 after buying an additional 22 shares in the last quarter. Archford Capital Strategies LLC raised its stake in shares of 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 valued at $376,000 after buying an additional 42 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of 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 valued at $368,000 after buying an additional 50 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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 valued at $1,061,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

TIAA CREF Trust Co. FSB MO increased its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 7.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 27,178 shares of the utilities provider’s stock after buying an additional 1,906 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in WEC Energy Group were worth $1,648,000 as of its most recent SEC filing.

WEC Energy Group Inc (WEC) opened at 63.57 on Monday. The firm has a 50-day moving average price of $61.21 and a 200 day moving average price of $59.18. The stock has a market capitalization of $20.06 billion, a PE ratio of 21.26 and a beta of 0.06. WEC Energy Group Inc has a 12 month low of $53.66 and a 12 month high of $66.10.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.42 billion. WEC Energy Group had a return on equity of 15.84% and a net margin of 15.49%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. Equities analysts anticipate that WEC Energy Group Inc will post $3.10 earnings per share for the current year. The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $2.08 annualized dividend and a yield of 3.27%. WEC Energy Group’s payout ratio is presently 70.51%.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.42 billion. WEC Energy Group had a return on equity of 15.84% and a net margin of 15.49%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. Equities analysts anticipate that WEC Energy Group Inc will post $3.10 earnings per share for the current year. WEC has been the subject of several recent research reports. Barclays PLC reiterated an “equal weight” rating and issued a $68.00 price objective (up previously from $61.00) on shares of WEC Energy Group in a research report on Sunday, April 23rd. Deutsche Bank AG upped their target price on WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $64.50.

In other news, Director Gale E. Klappa sold 100,610 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. Also, VP Tom Metcalfe sold 7,935 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $61.30, for a total value of $486,415.50. Following the completion of the sale, the vice president now owns 13,994 shares in the company, valued at approximately $857,832.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,925 shares of company stock worth $8,329,130. Company 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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