Lindbrook Capital LLC Increases Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Lindbrook Capital LLC grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 919 shares of the utilities provider’s stock after acquiring an additional 263 shares during the quarter. Lindbrook Capital LLC’s holdings in WEC Energy Group were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Marshall Financial Group LLC lifted its stake in shares of WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 100 shares during the period. Wealth Alliance lifted its stake in shares of WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after purchasing an additional 110 shares during the period. Advisor OS LLC lifted its stake in shares of WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 110 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of WEC Energy Group by 14.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 118 shares during the period. Finally, Tsfg LLC lifted its stake in shares of WEC Energy Group by 4.6% in the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 3.0 %

WEC Energy Group stock opened at $106.89 on Friday. The stock has a market cap of $33.76 billion, a P/E ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $108.87. The firm’s 50 day moving average price is $100.03 and its 200-day moving average price is $97.49.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WEC has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, Scotiabank raised their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now directly owns 274,955 shares of the company’s stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

WEC Energy Group 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.