iA Global Asset Management Inc. Has $1.12 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

iA Global Asset Management Inc. trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,895 shares of the utilities provider’s stock after selling 562 shares during the quarter. iA Global Asset Management Inc.’s holdings in WEC Energy Group were worth $1,119,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Annex Advisory Services LLC increased its stake in WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock worth $10,405,000 after purchasing an additional 6,785 shares in the last quarter. Matrix Trust Co bought a new stake in WEC Energy Group during the 4th quarter worth approximately $1,538,000. DRW Securities LLC bought a new position in shares of WEC Energy Group during the 3rd quarter worth approximately $1,392,000. Motley Fool Wealth Management LLC grew its stake in shares of WEC Energy Group by 51.0% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock worth $2,883,000 after acquiring an additional 10,126 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of WEC Energy Group by 20.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after acquiring an additional 78,580 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated 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 in the company, 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 legal filing with the SEC, which is available at this link. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group 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 owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

WEC Energy Group Stock Down 1.0 %

Shares of NYSE WEC opened at $106.76 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The stock has a market capitalization of $33.72 billion, a P/E ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.45. The stock’s fifty day moving average is $102.63 and its 200 day moving average is $98.49.

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 analysts’ consensus estimates 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 company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts forecast 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 subject of several research reports. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets raised their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Scotiabank raised their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.88.

WEC Energy Group Company 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.