WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,266 shares of the utilities provider’s stock after acquiring an additional 168 shares during the quarter. Blair William & Co. IL’s holdings in WEC Energy Group were worth $4,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WEC. Marshall Financial Group LLC increased its position in shares of WEC Energy Group by 4.8% in the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 100 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of WEC Energy Group by 1.9% in the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock valued at $553,000 after purchasing an additional 109 shares in the last quarter. Wealth Alliance boosted its position in shares of WEC Energy Group by 0.8% in the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after buying an additional 110 shares during the period. Advisor OS LLC grew its holdings in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock valued at $303,000 after buying an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in WEC Energy Group by 14.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock valued at $86,000 after buying an additional 118 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on WEC shares. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Scotiabank upped their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research report on Monday, December 9th. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets raised their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.88.

WEC Energy Group Stock Up 1.5 %

WEC opened at $109.14 on Tuesday. The firm has a market cap of $34.47 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The business has a 50 day moving average price of $103.79 and a 200 day moving average price of $99.04. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

About WEC Energy Group

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.