WEC Energy Group Inc (WEC) Shares Reduced by Dimensional Fund Advisors LP

WEC Energy Group Inc (WEC) Shares Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of WEC Energy Group Inc (NYSE:WEC) by 0.0% during the fourth quarter, Holdings Channel reports. The fund owned 675,614 shares of the company’s stock after selling 319 shares during the period. Dimensional Fund Advisors LP’s holdings in WEC Energy Group were worth $39,626,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp raised its position in WEC Energy Group by 13.6% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 240,286 shares of the company’s stock valued at $14,388,000 after buying an additional 28,691 shares during the period. First Quadrant L P CA raised its position in WEC Energy Group by 1.6% in the third quarter. First Quadrant L P CA now owns 120,800 shares of the company’s stock valued at $7,234,000 after buying an additional 1,900 shares during the period. Somerset Trust Co raised its position in WEC Energy Group by 3.5% in the third quarter. Somerset Trust Co now owns 10,686 shares of the company’s stock valued at $640,000 after buying an additional 358 shares during the period. Rothschild Investment Corp IL raised its position in WEC Energy Group by 2.0% in the third quarter. Rothschild Investment Corp IL now owns 28,009 shares of the company’s stock valued at $1,677,000 after buying an additional 547 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its position in WEC Energy Group by 54.4% in the third quarter. Ipswich Investment Management Co. Inc. now owns 14,760 shares of the company’s stock valued at $884,000 after buying an additional 5,200 shares during the period. 69.55% of the stock is owned by institutional investors.

WEC Energy Group Inc (NYSE:WEC) opened at 61.08 on Monday. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 20.64 and a beta of 0.06. WEC Energy Group Inc has a 52-week low of $53.66 and a 52-week high of $66.10. The firm’s 50-day moving average is $58.96 and its 200 day moving average is $58.45.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, February 1st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.01. WEC Energy Group had a net margin of 12.58% and a return on equity of 10.63%. The firm earned $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts predict that WEC Energy Group Inc will post $3.10 EPS for the current fiscal year.

WEC has been the subject of several research reports. Zacks Investment Research upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, January 11th. Mizuho lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $63.00 to $59.00 in a research report on Thursday, February 2nd. Finally, Wolfe Research lowered shares of WEC Energy Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. WEC Energy Group has a consensus rating of “Hold” and an average target price of $63.60.

In related news, Director Gale E. Klappa sold 41,060 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $60.24, for a total value of $2,473,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Allen L. Leverett sold 29,715 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $58.32, for a total transaction of $1,732,978.80. Following the completion of the transaction, the insider now owns 78,247 shares of the company’s stock, valued at $4,563,365.04. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.

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