Buckley Wealth Management LLC Has $629,000 Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Buckley Wealth Management LLC boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,690 shares of the utilities provider’s stock after acquiring an additional 187 shares during the period. Buckley Wealth Management LLC’s holdings in WEC Energy Group were worth $629,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WEC. Sumitomo Mitsui Trust Group Inc. grew its holdings in WEC Energy Group by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 821,719 shares of the utilities provider’s stock worth $79,033,000 after acquiring an additional 7,274 shares during the period. Aptus Capital Advisors LLC grew its holdings in WEC Energy Group by 30.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,336 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 1,260 shares during the period. Haverford Trust Co grew its holdings in WEC Energy Group by 13.0% during the 3rd quarter. Haverford Trust Co now owns 4,841 shares of the utilities provider’s stock worth $466,000 after acquiring an additional 557 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in WEC Energy Group by 4.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 20,440 shares of the utilities provider’s stock worth $1,966,000 after acquiring an additional 871 shares during the period. Finally, Metis Global Partners LLC grew its holdings in WEC Energy Group by 15.3% during the 3rd quarter. Metis Global Partners LLC now owns 22,621 shares of the utilities provider’s stock worth $2,176,000 after acquiring an additional 3,008 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on WEC. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank boosted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Wells Fargo & Company boosted their price target 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, Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.88.

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 transaction of $2,715,500.00. Following the sale, 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 through this link. 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 transaction, the director now owns 21,951 shares in the company, 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. Insiders own 0.34% of the company’s stock.

WEC Energy Group Trading Up 1.7 %

WEC opened at $106.89 on Friday. The stock has a market capitalization of $33.76 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $110.19. The firm’s fifty day simple moving average is $101.25 and its 200 day simple moving average is $97.98. 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 (NYSE:WEC) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

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.