Raymond James & Associates lessened its position in shares of WEC Energy Group Inc (NYSE:WEC) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 755,397 shares of the utilities provider’s stock after selling 177,017 shares during the period. Raymond James & Associates owned approximately 0.24% of WEC Energy Group worth $50,181,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of WEC Energy Group by 157.2% during the fourth quarter. Advisory Services Network LLC now owns 1,690 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 1,033 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of WEC Energy Group during the fourth quarter worth approximately $122,000. Hanson & Doremus Investment Management bought a new stake in shares of WEC Energy Group during the fourth quarter worth approximately $133,000. Calton & Associates Inc. bought a new stake in shares of WEC Energy Group during the fourth quarter worth approximately $175,000. Finally, Crewe Advisors LLC bought a new stake in shares of WEC Energy Group during the fourth quarter worth approximately $193,000. Institutional investors own 72.90% of the company’s stock.
In other WEC Energy Group news, Director Barbara L. Bowles sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.19, for a total transaction of $120,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by insiders.
Shares of WEC Energy Group Inc (NYSE:WEC) opened at $60.80 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.57 and a quick ratio of 0.43. The stock has a market capitalization of $19,213.51, a P/E ratio of 19.39, a P/E/G ratio of 4.37 and a beta of 0.12. WEC Energy Group Inc has a 12 month low of $58.92 and a 12 month high of $70.09.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.94 billion. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. research analysts predict that WEC Energy Group Inc will post 3.3 EPS for the current year.
About WEC Energy Group
WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.
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