Todays Report: Today: WEC Energy Group Inc. (WEC) Stake Maintained by First Personal Financial Services

Today: WEC Energy Group Inc. (WEC) Stake Maintained by First Personal Financial Services

First Personal Financial Services maintained its position in shares of WEC Energy Group Inc. (NYSE:WEC) during the third quarter, according to its most recent filing with the SEC. The firm owned 3,888 shares of the company’s stock at the end of the third quarter. First Personal Financial Services’ holdings in WEC Energy Group were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of WEC Energy Group by 3.0% in the second quarter. Vanguard Group Inc. now owns 29,483,390 shares of the company’s stock valued at $1,925,266,000 after buying an additional 850,806 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of WEC Energy Group by 9.2% in the second quarter. BlackRock Fund Advisors now owns 10,164,382 shares of the company’s stock valued at $663,734,000 after buying an additional 858,317 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of WEC Energy Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 5,404,299 shares of the company’s stock valued at $323,609,000 after buying an additional 837,177 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of WEC Energy Group by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 3,389,544 shares of the company’s stock valued at $202,966,000 after buying an additional 38,917 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of WEC Energy Group by 32.0% in the third quarter. UBS Asset Management Americas Inc. now owns 3,326,564 shares of the company’s stock valued at $199,195,000 after buying an additional 806,429 shares during the last quarter. 68.70% of the stock is owned by institutional investors.

Shares of WEC Energy Group Inc. (NYSE:WEC) opened at 56.56 on Monday. WEC Energy Group Inc. has a 12 month low of $47.98 and a 12 month high of $66.10. The company has a market cap of $17.85 billion, a P/E ratio of 19.41 and a beta of 0.06. The firm has a 50-day moving average price of $57.25 and a 200 day moving average price of $60.70.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. WEC Energy Group had a return on equity of 10.76% and a net margin of 12.58%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts predict that WEC Energy Group Inc. will post $2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 9th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.04%.

Several research analysts have recently commented on WEC shares. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a report on Wednesday, November 9th. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, October 19th. Argus reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of WEC Energy Group in a research note on Tuesday, August 2nd. Finally, Guggenheim initiated coverage on WEC Energy Group in a research note on Thursday, November 3rd. They issued a “buy” rating and a $63.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.78.

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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