WEC Energy Group, Inc. (WEC) Shares Sold by Earnest Partners LLC

Earnest Partners LLC decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,369 shares of the utilities provider’s stock after selling 14,113 shares during the period. Earnest Partners LLC owned approximately 0.12% of WEC Energy Group worth $22,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hudock Capital Group LLC raised its stake in WEC Energy Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 4,322 shares of the utilities provider’s stock valued at $265,000 after buying an additional 17 shares in the last quarter. Arvest Bank Trust Division raised its position in shares of WEC Energy Group by 0.7% during the 2nd quarter. Arvest Bank Trust Division now owns 4,147 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 27 shares during the period. Parkside Financial Bank & Trust raised its position in shares of WEC Energy Group by 0.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 41 shares during the period. MAI Capital Management raised its position in shares of WEC Energy Group by 1.1% during the 2nd quarter. MAI Capital Management now owns 4,210 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 45 shares during the period. Finally, Boston Advisors LLC raised its position in shares of WEC Energy Group by 0.3% during the 2nd quarter. Boston Advisors LLC now owns 14,664 shares of the utilities provider’s stock worth $900,000 after purchasing an additional 50 shares during the period. 70.24% of the stock is owned by institutional investors.

In related news, Director Gale E. Klappa sold 100,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $64.42, for a total transaction of $6,474,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Susan H. Martin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.00, for a total value of $990,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 192,190 shares of company stock valued at $12,435,484 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

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WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $0.57 EPS. WEC Energy Group’s revenue for the quarter was up 1.8% on a year-over-year basis.

WEC has been the topic of a number of research reports. BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $62.50.

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.

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

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