Today, US Bancorp DE decreases its position in WEC Energy Group Inc. (WEC)

Today, US Bancorp DE decreases its position in WEC Energy Group Inc. (WEC)

US Bancorp DE reduced its stake in shares of WEC Energy Group Inc. (NYSE:WEC) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 281,404 shares of the company’s stock after selling 1,543 shares during the period. US Bancorp DE owned 0.09% of WEC Energy Group worth $16,851,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in WEC Energy Group by 687.7% in the first quarter. Renaissance Technologies LLC now owns 232,402 shares of the company’s stock valued at $13,960,000 after buying an additional 202,900 shares in the last quarter. Panagora Asset Management Inc. raised its position in WEC Energy Group by 129.8% in the first quarter. Panagora Asset Management Inc. now owns 120,261 shares of the company’s stock valued at $7,224,000 after buying an additional 67,930 shares in the last quarter. Euclid Advisors LLC raised its position in WEC Energy Group by 575.5% in the first quarter. Euclid Advisors LLC now owns 72,480 shares of the company’s stock valued at $4,354,000 after buying an additional 61,750 shares in the last quarter. Laffer Investments raised its position in WEC Energy Group by 8.9% in the first quarter. Laffer Investments now owns 13,486 shares of the company’s stock valued at $810,000 after buying an additional 1,102 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in WEC Energy Group by 75.6% in the first quarter. First Republic Investment Management Inc. now owns 8,803 shares of the company’s stock valued at $528,000 after buying an additional 3,789 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

WEC Energy Group Inc. (NYSE:WEC) traded up 1.60% during mid-day trading on Friday, hitting $56.61. The company’s stock had a trading volume of 360,546 shares. WEC Energy Group Inc. has a 52-week low of $47.98 and a 52-week high of $66.10. The firm has a 50 day moving average of $57.28 and a 200-day moving average of $60.72. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 19.43 and a beta of 0.06.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.08. The business earned $1.71 billion during the quarter, compared to the consensus estimate of $2.15 billion. WEC Energy Group had a return on equity of 10.76% and a net margin of 12.58%. WEC Energy Group’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts expect that WEC Energy Group Inc. will post $2.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.98 dividend on an annualized basis and a yield of 3.55%. WEC Energy Group’s payout ratio is 68.04%.

WEC has been the topic of several recent research reports. Argus restated a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of WEC Energy Group in a research report on Tuesday, August 2nd. Zacks Investment Research lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, September 16th. Guggenheim initiated coverage on WEC Energy Group in a report on Thursday, November 3rd. They set a “buy” rating and a $63.00 target price on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Wednesday, November 9th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.40.

WEC Energy Group Company Profile

Related posts

Leave a Comment