<div id="readability-page-1"><p>Hennessy Advisors Inc. lowered its stake in shares of  WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The fund owned 151,540 shares of the utilities provider's stock after selling 21,500 shares during the quarter. Hennessy Advisors Inc.'s holdings in WEC Energy Group were worth $17,365,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>WEC Energy Group</strong> alerts:</span></p></div><ul><li>3 Utility Stocks That Will Benefit from Less Regulation</li></ul><p>Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in  WEC Energy Group by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider's stock worth $4,162,348,000 after acquiring an additional 816,243 shares during the period.  Balyasny Asset Management L.P. raised its stake in shares of  WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider's stock worth $80,722,000 after purchasing an additional 592,028 shares during the last quarter.  Marshall Wace LLP lifted its holdings in shares of  WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider's stock worth $98,361,000 after purchasing an additional 581,748 shares during the period.  Strs Ohio purchased a new position in  WEC Energy Group in the 1st quarter valued at $36,412,000.  Finally, Qube Research &amp; Technologies Ltd increased its stake in  WEC Energy Group by 477.4% in the 2nd quarter. Qube Research &amp; Technologies Ltd now owns 333,552 shares of the utilities provider's stock valued at $34,756,000 after buying an additional 275,786 shares during the period. Institutional investors and hedge funds own  77.20% of the company's stock. </p><h2>WEC Energy Group Price Performance</h2><p>WEC stock opened at $105.52 on Thursday. The firm has a 50 day moving average of $109.18 and a 200-day moving average of $109.07. The company has a market cap of $34.32 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.68 and a beta of 0.56. 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. </p><ul><li> 3 undervalued stocks: Is now the right time to buy?</li></ul><p>WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data 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, equities analysts expect that  WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year. </p><h2>WEC Energy Group Increases Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be given a $0.9525 dividend. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. This is a boost from WEC Energy Group's previous quarterly dividend of $0.89. WEC Energy Group's payout ratio is presently 67.49%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have commented on the stock. Royal Bank Of Canada  set a $131.00 price objective on shares of WEC Energy Group in a research report on Monday, October 27th. Cowen began coverage on shares of WEC Energy Group in a report on Wednesday, October 15th. They set a &#34;hold&#34; rating for the company. Scotiabank raised their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an &#34;outperform&#34; rating in a research report on Friday, October 31st. KeyCorp lowered their price objective on WEC Energy Group from $123.00 to $117.00 and set an &#34;overweight&#34; rating on the stock in a report on Friday, December 12th. Finally, JPMorgan Chase &amp; Co. dropped their target price on WEC Energy Group from $121.00 to $113.00 and set a &#34;neutral&#34; rating on the stock in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued  a Hold rating and two have assigned  a Sell rating to the stock. Based on data from MarketBeat, the company  has an average rating of &#34;Hold&#34; and a consensus target price of $120.64.</p><p><b>View Our Latest Research Report on WEC</b></p><h2>WEC Energy Group Profile</h2> (Free Report)<p>WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC's operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.  </p><p>Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.</p><h2>Read More</h2><ul><li>Five stocks we like better than WEC Energy Group</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your family's wealth expires in 2026?</li></ul><p><strong>Want to see what other hedge funds are holding WEC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdFQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdFQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in WEC Energy Group Right Now?</h2><p>Before you consider WEC Energy Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEC Energy Group wasn't on the list.</p><p>While WEC Energy Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Hennessy Advisors Inc. reduced its stake in WEC Energy Group, Inc. by 12.4% in Q3, now holding 151,540 shares valued at $17.37 million. Other institutional investors have also adjusted their positions, with Vanguard Group increasing its stake by 2.1%. WEC Energy Group reported Q3 earnings of $1.43 per share and announced a quarterly dividend of $0.9525, up from $0.89. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and various price targets ranging from $113 to $131.</p>

Hennessy Advisors Inc. Trims Position in WEC Energy Group, Inc. $WEC