Certior Financial Group LLC Acquires Shares of 3,682 WEC Energy Group, Inc. (NYSE:WEC)

Certior Financial Group LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,682 shares of the utilities provider’s stock, valued at approximately $346,000.

A number of 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% in 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. Prudent Man Investment Management Inc. bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $28,000. Hoey Investments Inc. purchased a new position in shares of WEC Energy Group in the 4th quarter valued at approximately $42,000. Human Investing LLC bought a new stake in shares of WEC Energy Group during the fourth quarter valued at approximately $52,000. Finally, Cullen Frost Bankers Inc. raised 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 worth $55,000 after purchasing an additional 345 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction 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 approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 approximately $2,286,635.67. The trade was 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 Price Performance

Shares of NYSE:WEC opened at $104.37 on Monday. 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 firm has a market cap of $33.30 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The business has a 50-day simple moving average of $104.53 and a two-hundred day simple moving average of $99.38. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on WEC shares. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Scotiabank boosted their price target 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. BMO Capital Markets raised their price objective on 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. Finally, Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.