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

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,058,230 shares of the utilities provider’s stock after selling 3,510 shares during the period. WEC Energy Group comprises about 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 owned about 0.33% of WEC Energy Group worth $110,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in WEC Energy Group in the first quarter worth $25,000. Nova Wealth Management Inc. bought a new stake in shares of WEC Energy Group during the 1st quarter valued at $26,000. Bayforest Capital Ltd purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth about $26,000. Hughes Financial Services LLC bought a new position in shares of WEC Energy Group in the 1st quarter worth about $28,000. Finally, NewSquare Capital LLC lifted its position in WEC Energy Group by 60.5% during the 2nd quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WEC. UBS Group upped their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Scotiabank upped their price target on WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Cowen began coverage on WEC Energy Group in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. Finally, KeyCorp increased their target price on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.21.

WEC Energy Group Stock Performance

WEC stock opened at $110.80 on Friday. The stock’s 50 day simple moving average is $112.26 and its 200 day simple moving average is $108.76. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.18. The stock has a market capitalization of $36.04 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. The firm had revenue of $2.28 billion during the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%. As a group, research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

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