Epoch Investment Partners Inc. Has $80.09 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

Epoch Investment Partners Inc. trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 26.5% during the second quarter, Holdings Channel.com reports. The firm owned 900,421 shares of the utilities provider’s stock after selling 324,283 shares during the period. Epoch Investment Partners Inc.’s holdings in WEC Energy Group were worth $80,092,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CSat Investment Advisory L.P. lifted its position in shares of WEC Energy Group by 52.3% during the first quarter. CSat Investment Advisory L.P. now owns 332 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Meridian Wealth Partners LLC lifted its position in shares of WEC Energy Group by 59.0% during the first quarter. Meridian Wealth Partners LLC now owns 488 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 181 shares in the last quarter. Selective Wealth Management Inc. lifted its position in shares of WEC Energy Group by 1,612.9% during the second quarter. Selective Wealth Management Inc. now owns 531 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of WEC Energy Group by 49.6% during the second quarter. Sound Income Strategies LLC now owns 540 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 179 shares in the last quarter. Finally, Parisi Gray Wealth Management acquired a new position in WEC Energy Group in the second quarter valued at approximately $59,000. Institutional investors own 72.87% of the company’s stock.

NYSE:WEC traded up $0.70 during trading hours on Thursday, hitting $89.68. The stock had a trading volume of 12,565 shares, compared to its average volume of 1,197,846. WEC Energy Group, Inc. has a one year low of $80.55 and a one year high of $106.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 3.74 and a beta of 0.18. The business’s 50 day moving average is $93.12 and its 200-day moving average is $93.64.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, August 3rd. The utilities provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. WEC Energy Group had a net margin of 16.26% and a return on equity of 12.00%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.05 EPS for the current fiscal year.

In other WEC Energy Group news, VP Joshua M. Erickson sold 1,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $96.48, for a total value of $150,026.40. Following the completion of the sale, the vice president now owns 3,618 shares of the company’s stock, valued at $349,064.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

WEC has been the topic of several analyst reports. Mizuho increased their price objective on shares of WEC Energy Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 26th. Argus increased their price objective on shares of WEC Energy Group from $100.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Buy” and a consensus target price of $96.67.

About WEC Energy Group

WEC Energy Group, Inc is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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