Robeco Institutional Asset Management B.V. boosted its position in WEC Energy Group Inc. (NYSE:WEC) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,237 shares of the company’s stock after buying an additional 5,823 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in WEC Energy Group were worth $17,618,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Integrated Wealth Management boosted its position in WEC Energy Group by 0.3% in the second quarter. Integrated Wealth Management now owns 4,338 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the period. Hedeker Wealth LLC bought a new position in WEC Energy Group during the third quarter worth approximately $207,000. Tarbox Group Inc. boosted its position in WEC Energy Group by 0.4% in the third quarter. Tarbox Group Inc. now owns 3,539 shares of the company’s stock worth $212,000 after buying an additional 15 shares during the period. Hudock Capital Group LLC boosted its position in WEC Energy Group by 0.4% in the second quarter. Hudock Capital Group LLC now owns 4,256 shares of the company’s stock worth $277,000 after buying an additional 16 shares during the period. Finally, Gradient Investments LLC boosted its position in WEC Energy Group by 0.5% in the third quarter. Gradient Investments LLC now owns 4,216 shares of the company’s stock worth $252,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 68.70% of the company’s stock.

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

Shares of WEC Energy Group Inc. (NYSE:WEC) traded down 2.62% on Wednesday, reaching $56.51. The company’s stock had a trading volume of 560,896 shares. The stock has a market cap of $17.84 billion, a P/E ratio of 19.39 and a beta of 0.06. The firm’s 50-day moving average price is $57.28 and its 200-day moving average price is $60.69. WEC Energy Group Inc. has a 12 month low of $47.98 and a 12 month high of $66.10.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. WEC Energy Group had a return on equity of 10.76% and a net margin of 12.58%. The company earned $1.71 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts forecast that WEC Energy Group Inc. will post $2.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be issued a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, November 9th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.04%.

TRADEMARK VIOLATION NOTICE: “WEC Energy Group Inc. (WEC) Shares Bought by Robeco Institutional Asset Management B.V.” was originally published by Financial Market News and is the propert of of Financial Market News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this piece can be accessed at http://www.financial-market-news.com/wec-energy-group-inc-wec-shares-bought-by-robeco-institutional-asset-management-b-v/1210721/.

A number of equities analysts have commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a research report on Wednesday, November 9th. Guggenheim began coverage on shares of WEC Energy Group in a research report on Thursday, November 3rd. They issued a “buy” rating and a $63.00 target price for the company. Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, October 19th. Finally, Argus reissued a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of WEC Energy Group in a research report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $61.78.

About WEC Energy Group

WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.

5 Day Chart for NYSE:WEC

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc. (NYSE:WEC).

Receive News & Ratings for WEC Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.