B. Metzler seel. Sohn & Co. AG Cuts Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,695 shares of the utilities provider’s stock after selling 600 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in WEC Energy Group were worth $12,102,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of WEC Energy Group by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 201,182 shares of the utilities provider’s stock valued at $19,350,000 after acquiring an additional 4,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WEC Energy Group by 1.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,176 shares of the utilities provider’s stock valued at $7,038,000 after purchasing an additional 1,367 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of WEC Energy Group by 3.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 55,222 shares of the utilities provider’s stock worth $5,311,000 after purchasing an additional 1,700 shares during the period. Financial Counselors Inc. bought a new position in shares of WEC Energy Group during the 3rd quarter valued at approximately $202,000. Finally, Captrust Financial Advisors lifted its position in WEC Energy Group by 11.5% in the third quarter. Captrust Financial Advisors now owns 24,957 shares of the utilities provider’s stock worth $2,400,000 after buying an additional 2,583 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group 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 transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WEC shares. Wells Fargo & Company increased 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. KeyCorp increased their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank boosted their target price on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. One 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $107.50 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The company has a market capitalization of $33.95 billion, a PE ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a 50 day moving average price of $103.59 and a 200-day moving average price of $98.94. 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 posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current 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.