WEC Energy Group, Inc. (NYSE:WEC) is expected to pay $0.50 on Dec 1, 2016. The indicated annual dividend is $1.98. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on WEC Energy Group, Inc.’s current price of $58.58, the dividend is 0.84%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 21, 2016. The stock increased 1.49% or $0.86 during the last trading session, hitting $58.58. WEC Energy Group Inc (NYSE:WEC) has declined 2.14% since April 5, 2016 and is downtrending. It has underperformed by 4.09% the S&P500.
WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The company has a market cap of $18.32 billion. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. It has a 20.11 P/E ratio. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility activities of Wisconsin Electric Power Company , Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas activities in the state of Michigan.
Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.50, from 1 in 2016Q1. The ratio dropped, as 3 funds sold all WEC Energy Group Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 503,583 shares or 9.56% less from 556,790 shares in 2016Q1.
Ashford Mgmt has invested 0.11% of its portfolio in WEC Energy Group Inc (NYSE:WEC). South Street Ltd Liability Co reported 227,400 shares or 4.67% of all its holdings. North Star Asset last reported 5,958 shares in the company. Fishman Jay A Ltd Mi has 10,605 shares for 0% of their US portfolio. Gemmer Asset Mngmt Ltd Liability Company accumulated 0% or 115 shares. West Oak Cap Limited Liability Company has 23,635 shares for 0% of their US portfolio. Lmr Prtnrs Llp last reported 0.07% of its portfolio in the stock. The California-based Eqis Capital Mngmt has invested 0.12% in WEC Energy Group Inc (NYSE:WEC). Balasa Dinverno Foltz Limited Liability holds 6,227 shares or 0.07% of its portfolio. Westport Resources Management owns 212 shares or 0% of their US portfolio. The Illinois-based Bruce And has invested 0.4% in WEC Energy Group Inc (NYSE:WEC). Vantage accumulated 6,194 shares or 0.17% of the stock. Winch Advisory Limited Liability Corporation holds 6,088 shares or 0.48% of its portfolio. Gulf Intl Natl Bank (Uk) accumulated 0.1% or 93,685 shares. Prudential Public Limited Com accumulated 23,400 shares or 0.01% of the stock.
Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 10 insider sales for $13.11 million net activity. Shares for $2.61M were sold by KLAPPA GALE E on Monday, August 1. Martin Susan H. sold $2.60 million worth of WEC Energy Group Inc (NYSE:WEC) on Friday, July 29. Shafer Joan M also sold $938,119 worth of WEC Energy Group Inc (NYSE:WEC) on Wednesday, May 25. The insider LEVERETT ALLEN L sold 26,825 shares worth $1.72 million. $291,541 worth of WEC Energy Group Inc (NYSE:WEC) shares were sold by Metcalfe Tom. $275,181 worth of WEC Energy Group Inc (NYSE:WEC) was sold by PAYNE ULICE JR. Another trade for 19,225 shares valued at $1.18M was made by Garvin Robert M on Thursday, August 18.
WEC Energy Group Inc (NYSE:WEC) Ratings Coverage
Out of 9 analysts covering Wisconsin Energy Corporation (NYSE:WEC), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Wisconsin Energy Corporation has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of WEC Energy Group Inc (NYSE:WEC) has “Buy” rating given on Tuesday, July 28 by Goldman Sachs. The firm earned “Buy” rating on Friday, September 18 by Mizuho. The rating was upgraded by Wells Fargo on Tuesday, September 8 to “Outperform”. The stock of WEC Energy Group Inc (NYSE:WEC) has “Hold” rating given on Friday, February 5 by Deutsche Bank. The rating was maintained by Argus Research with “Buy” on Tuesday, January 19. The stock has “Sell” rating given by UBS on Monday, October 26. The firm has “Buy” rating given on Monday, September 14 by Argus Research. Deutsche Bank upgraded WEC Energy Group Inc (NYSE:WEC) rating on Monday, December 14. Deutsche Bank has “Buy” rating and $56 price target. The firm has “Outperform” rating given on Thursday, July 30 by Wolfe Research. The company was upgraded on Monday, May 9 by UBS.
More important recent WEC Energy Group Inc (NYSE:WEC) news were published by: Forbes.com which released: “WEC December 16th Options Begin Trading” on August 22, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: MSCI, Tractor Supply and WEC Energy Group”, Prnewswire.com published: “WEC Energy Group posts third-quarter results” on October 26, 2016. More interesting news about WEC Energy Group Inc (NYSE:WEC) was released by: Prnewswire.com and their article: “WEC Energy Group announces 2016 third-quarter earnings news release and …” with publication date: October 19, 2016.
WEC Company Profile
WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, incorporated on June 26, 1981, is a holding company, which has electric and natural gas utility operations. The Firm serves clients in Wisconsin, Illinois, Michigan and Minnesota. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s subsidiaries provide regulated natural gas and electricity, as well as non-regulated renewable energy.
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