Intl Fcstone Inc. Purchases 30420 Shares of WEC Energy Group, Inc. (WEC)

Cornelia Mascio
Ottobre 22, 2017

The following firms have recently changed their position in WEC. Zacks Investment Research upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Monday, August 28th.

Among 9 analysts covering Wisconsin Energy Corporation (NYSE:WEC), 3 have Buy rating, 1 Sell and 5 Hold. North Star Asset Management has invested 0.04% in WEC Energy Group Inc (NYSE:WEC). (The) reiterated a "sell" rating and set a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. A sell-side firm might have issued a buy report on the company. Argus Research upgraded WEC Energy Group Inc (NYSE:WEC) on Monday, September 14 to "Buy" rating. (NYSE:WEC) recently. EVP Susan H. Martin sold 15,000 shares at an average price of $66.00 on Thursday the 7th. The company has a market capitalization of $21.08 billion, a PE ratio of 21.90 and a beta of 0.12.

Company shares are trading at $66.34 which is just a bit higher than the 50 day moving average which is $64.82 and barely above the 200 day moving average of $62.96. WEC Energy Group comprises approximately 0.8% of Intl Fcstone Inc.'s holdings, making the stock its 15th largest holding.

Looking forward, the company's quarterly earnings are expected to come at $0.67 in the three months through September 2017 and $0.7 in the quarter ending December 2017, reflecting -2.9% and 14.75% growth, respectively. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Wisconsin Energy Corporation has $63 highest and $51.50 lowest target. Next quarter's EPS is forecasted at $0.68 with next year's EPS anticipated to be $3.28. During the same period in the prior year, the business earned $0.57 earnings per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.12%. West Oak Capital Lc owns 0% invested in WEC Energy Group Inc (NYSE:WEC) for 23,253 shares. If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The original version of this piece can be accessed at https://weekherald.com/2017/10/20/wec-energy-groups-wec-hold-rating-reaffirmed-at-keycorp.html.

In related news, VP Tom Metcalfe sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $64.44, for a total transaction of $644,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The disclosure for this sale can be found here. WEC's earnings growth in the last five years was a low 5.06%, indicating a relatively more upbeat attitude towards the company in the upcoming year.

Several hedge funds have recently bought and sold shares of the company. Vantage Invest Advsr Limited Liability Company owns 0.11% invested in WEC Energy Group Inc (NYSE:WEC) for 6,194 shares. OppenheimerFunds Inc. now owns 15,943 shares of the utilities provider's stock valued at $967,000 after purchasing an additional 1,553 shares during the period. Delphi Private Advisors LLC boosted its position in WEC Energy Group by 182.3% in the 2nd quarter. Prudential Public Limited Liability Corp holds 0.01% of its portfolio in WEC Energy Group Inc (NYSE:WEC) for 26,000 shares. Following the completion of the sale, the vice president now owns 16,059 shares of the company's stock, valued at approximately $1,034,841.96. Arvest Bank Trust Division boosted its stake in shares of WEC Energy Group by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 4,322 shares of the utilities provider's stock worth $265,000 after acquiring an additional 17 shares in the last quarter. Finally, LVW Advisors LLC increased its holdings in WEC Energy Group by 2.1% in the first quarter. Its position was valued at $41,968,000 an increase of 2.2% as of quarter end. Institutional investors and hedge funds own 70.24% of the company's stock.

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