Sigma Planning Corp Buys 134 Shares of WEC Energy Group, Inc. (WEC)

Cornelia Mascio
Agosto 19, 2017

Capstone Asset Management has an ownership of 113,343 stocks of the utilities provider's shares valued $6,872,000 after scooping up an extra 54,061 shares through out the previous quarter, Ipswich Investment Management increased its position in stocks of WEC Energy Group by 6.1% in the Q1.

Want to see what other hedge funds are holding WEC?

Several other hedge funds have also made changes to their positions in the stock. Bb&t Investment Services, Inc. cut its stake by selling 245 shares a decrease of 9.2% in the quarter. Schwab Charles Investment Management Inc. now owns 1,489,419 shares of the utilities provider's stock valued at $91,421,000 after buying an additional 43,841 shares during the period. Trust Co. of Vermont now owns 1,737 shares of the utilities provider's stock worth $106,000 after buying an additional 187 shares during the last quarter. Hennessy Advisors Inc. now owns 808,590 shares of the utilities provider's stock valued at $49,025,000 after buying an additional 13,000 shares during the last quarter. Country Trust Bank increased its position in shares of WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider's stock worth $127,000 after buying an additional 112 shares during the period. Finally, Financial Architects Inc raised its position in WEC Energy Group by 7.4% in the second quarter. The dividend will be $0.520 per share for the quarter or $2.08 annualized. WEC Energy Group, Inc. (WEC) opened at 64.59 on Friday. The firm has a market cap of $20.22 billion, a price-to-earnings ratio of 21.00 and a beta of 0.11. Hennessy Advisors Inc. boosted its position in WEC Energy Group by 1.6% in the first quarter. After the latest check-in, company stock is -0.54% off of the 50 day high and 6.81% away from the 50 day low price.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 26th.

The company is trading down from yesterday's close of $64.57. Ladenburg Thalmann Financial Services boosted their target price on WEC Energy Group from $62.00 to $65.00 and issued the company a "neutral" recommendation in a analysis report on Friday morning, Jun 9th. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period a year ago, the firm earned $0.57 EPS. The business's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current year. Investors with a record date on early Mon, Aug 14th will get a dividend of $0.52 for a share. This dividend represents a yield of $3.25. The ex-dividend date of this dividend is Thurs, Aug 10th. this indicates a $2.08 annual dividend and a payout of of 3.25%. Finally, Wolfe Research restated a "peer perform" rating on shares of WEC Energy Group in a research note on Monday, April 24th. "(WEC)" was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another publication, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright laws.

In terms of performance, we can pore into the stats for WEC Energy Group, Inc.

A number of equities analysts have recently issued reports on WEC shares. Ladenburg Thalmann Financial Services upped their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, June 9th. BidaskClub raised WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, July 19th. (The) reaffirmed a "sell" rating and issued a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. Also, VP Tom Metcalfe sold 10,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of "Hold" and an average price target of $62.86.

In other news, VP Susan H. Martin sold 15,470 shares of WEC Energy Group stock in a transaction that occurred on Thursday, May 25th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $62.50, for a total value of $966,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,970 shares of company stock valued at $8,085,485.

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