Paragon Private Wealth Management LLC Acquires 470 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Paragon Private Wealth Management LLC lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,905 shares of the utilities provider’s stock after acquiring an additional 470 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in WEC Energy Group were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WEC. CWA Asset Management Group LLC bought a new stake in shares of WEC Energy Group in the 3rd quarter worth about $258,000. SpiderRock Advisors LLC lifted its holdings in shares of WEC Energy Group by 195.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 20,319 shares of the utilities provider’s stock worth $1,954,000 after acquiring an additional 13,452 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of WEC Energy Group in the 3rd quarter worth about $532,000. Assetmark Inc. lifted its holdings in shares of WEC Energy Group by 26.5% in the 3rd quarter. Assetmark Inc. now owns 34,998 shares of the utilities provider’s stock worth $3,366,000 after acquiring an additional 7,335 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of WEC Energy Group by 13.8% in the 3rd quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after acquiring an additional 7,646 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Trading Up 3.0 %

Shares of NYSE:WEC opened at $106.89 on Monday. The company has a market capitalization of $33.76 billion, a PE ratio of 22.13, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $108.87. The business’s fifty day simple moving average is $100.03 and its 200-day simple moving average is $97.58.

WEC Energy Group (NYSE:WEC) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WEC shares. 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 report on Thursday, January 2nd. BMO Capital Markets lifted 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 report on Wednesday, February 5th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, KeyCorp lifted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average price target of $101.88.

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.