Lockheed Martin Investment Management Co. Has $2.13 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Lockheed Martin Investment Management Co. trimmed its position in shares of WEC Energy Group, Inc. (NYSE:WECGet Rating) by 27.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,200 shares of the utilities provider’s stock after selling 8,100 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in WEC Energy Group were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Princeton Global Asset Management LLC lifted its holdings in shares of WEC Energy Group by 150.0% during the 1st quarter. Princeton Global Asset Management LLC now owns 250 shares of the utilities provider’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of WEC Energy Group by 142.7% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 250 shares of the utilities provider’s stock valued at $25,000 after buying an additional 147 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $26,000. Achmea Investment Management B.V. acquired a new stake in shares of WEC Energy Group during the 1st quarter valued at about $27,000. Finally, Charter Oak Capital Management LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $33,000. 75.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WEC shares. Guggenheim reduced their price target on WEC Energy Group from $104.00 to $95.00 in a report on Monday, October 24th. TheStreet downgraded WEC Energy Group from a “b” rating to a “c+” rating in a research note on Tuesday, November 1st. Mizuho cut their price objective on WEC Energy Group from $93.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, October 17th. StockNews.com began coverage on WEC Energy Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, UBS Group raised their price objective on WEC Energy Group to $103.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus target price of $97.45.

WEC Energy Group Stock Performance

NYSE WEC traded up $0.94 during trading on Thursday, hitting $98.07. The company’s stock had a trading volume of 802,021 shares, compared to its average volume of 1,630,018. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average price of $91.89 and a 200 day moving average price of $98.47. The firm has a market cap of $30.93 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 3.59 and a beta of 0.35. WEC Energy Group, Inc. has a 52 week low of $80.82 and a 52 week high of $108.39.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a $0.7275 dividend. This represents a $2.91 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, November 10th. WEC Energy Group’s dividend payout ratio is currently 66.59%.

Insiders Place Their Bets

In other news, Director Glen E. Tellock acquired 1,000 shares of the stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average cost of $91.39 per share, for a total transaction of $91,390.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $91,390. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

About WEC Energy Group

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

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

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