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Multiple hedge funds have recently traded shares of WEC Energy Group. Notably, Confluence Investment Management acquired $127.9 million in shares, and Envestnet Asset Management increased its stake by 93.3%, owning now about $140.1 million worth. American Century Companies raised their holdings by 36.7%, now totaling $201.3 million. Other significant investors include Earnest Partners, which grew its shares by 36%, and Susquehanna Fundamental Investments, with a new investment of $23.3 million. Overall, institutional investors own 77.20% of the company.
Insider Trading
Recently, VP Mary Beth Straka sold 3,240 shares for $301,449.60, while VP William J. Guc sold 6,000 shares valued at $557,940. Insiders have sold 11,702 shares worth $1,078,058 in the past three months, with corporate insiders holding 0.34% of stock.
Current Market Status
WEC Energy Group (NYSE:WEC) shares dropped by 0.5% to $96.26, with a market cap of $30.40 billion and a PE ratio of 21.02. They reported $0.67 EPS last quarter, beating estimates, despite a 3.2% revenue decline year-over-year.
Dividends
WEC recently issued a quarterly dividend of $0.835 per share, with an annualized dividend yield of 3.47%.
Analyst Opinions
Wells Fargo raised its target price for WEC from $98.00 to $103.00, while BMO and Scotiabank also increased their price targets. Currently, the stock holds a consensus rating of “Hold” among analysts.
Company Overview
WEC Energy Group, through its subsidiaries, provides natural gas and electricity services while focusing on renewable energy.
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