Cbre Investment Management Listed Real Assets LLC Sells 3,510 Shares of WEC Energy Group, Inc. $WEC

Cbre Investment Management Listed Real Assets LLC trimmed its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,058,230 shares of the utilities provider’s stock after selling 3,510 shares during the quarter. WEC Energy Group makes up 1.7% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 20th largest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in WEC Energy Group were worth $110,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Investment Services LLC lifted its holdings in WEC Energy Group by 9.2% in the second quarter. Horizon Investment Services LLC now owns 3,791 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 318 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of WEC Energy Group by 6.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 137,487 shares of the utilities provider’s stock valued at $14,308,000 after purchasing an additional 7,843 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $77,000. Asahi Life Asset Management CO. LTD. purchased a new position in shares of WEC Energy Group in the second quarter worth approximately $389,000. Finally, GPS Wealth Strategies Group LLC grew its position in WEC Energy Group by 16.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,538 shares of the utilities provider’s stock valued at $160,000 after buying an additional 213 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Scotiabank lifted their price target on shares of WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Royal Bank Of Canada set a $131.00 target price on WEC Energy Group in a report on Monday, October 27th. Wells Fargo & Company started coverage on WEC Energy Group in a research report on Monday, October 27th. They set an “overweight” rating and a $124.00 target price on the stock. UBS Group upped their price target on WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Citigroup started coverage on WEC Energy Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $131.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.21.

WEC Energy Group Trading Down 0.9%

Shares of WEC stock opened at $110.80 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50. The stock has a fifty day simple moving average of $112.26 and a two-hundred day simple moving average of $108.76. The firm has a market capitalization of $36.04 billion, a PE ratio of 20.95, a PEG ratio of 3.15 and a beta of 0.48. WEC Energy Group, Inc. has a 52-week low of $91.94 and a 52-week high of $118.18.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The company had revenue of $2.28 billion for the quarter. On average, analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, November 14th. WEC Energy Group’s payout ratio is currently 67.49%.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.