Meiji Yasuda Asset Management Co Ltd. Has $1.38 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,647 shares of the utilities provider’s stock after selling 22,520 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in WEC Energy Group were worth $1,377,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after buying an additional 268 shares during the period. Human Investing LLC bought a new position in shares of WEC Energy Group during the fourth quarter worth about $52,000. Cullen Frost Bankers Inc. boosted its holdings in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $56,000. Finally, Bank of Jackson Hole Trust acquired a new stake in WEC Energy Group during the 4th quarter valued at approximately $59,000. Institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WEC. 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 report on Wednesday, February 5th. Scotiabank lifted their price objective 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 upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.88.

WEC Energy Group Trading Up 1.4 %

Shares of WEC Energy Group stock opened at $105.73 on Thursday. The stock has a market capitalization of $33.39 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The stock has a 50 day moving average price of $103.27 and a two-hundred day moving average price of $98.75. 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 (NYSE:WEC) last announced 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 net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.