Greenleaf Trust Has $496,000 Stake in WEC Energy Group Inc (WEC)

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Greenleaf Trust lifted its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 4.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,159 shares of the utilities provider’s stock after acquiring an additional 273 shares during the period. Greenleaf Trust’s holdings in WEC Energy Group were worth $496,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Seven Eight Capital LP bought a new position in shares of WEC Energy Group during the 3rd quarter valued at approximately $738,000. Strs Ohio grew its stake in shares of WEC Energy Group by 3.0% during the 3rd quarter. Strs Ohio now owns 61,363 shares of the utilities provider’s stock valued at $4,096,000 after acquiring an additional 1,782 shares during the period. IFM Investors Pty Ltd grew its stake in shares of WEC Energy Group by 15.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 16,300 shares of the utilities provider’s stock valued at $1,088,000 after acquiring an additional 2,240 shares during the period. UMB Bank N A MO grew its stake in shares of WEC Energy Group by 20.9% during the 3rd quarter. UMB Bank N A MO now owns 6,646 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 1,148 shares during the period. Finally, First Midwest Bank Trust Division grew its stake in shares of WEC Energy Group by 9.1% during the 3rd quarter. First Midwest Bank Trust Division now owns 19,137 shares of the utilities provider’s stock valued at $1,278,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 73.65% of the company’s stock.

In other WEC Energy Group news, insider Gale E. Klappa sold 49,526 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.94, for a total value of $3,711,478.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles R. Matthews sold 40,295 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $74.77, for a total value of $3,012,857.15. Following the completion of the transaction, the chief executive officer now owns 26,584 shares of the company’s stock, valued at $1,987,685.68. The disclosure for this sale can be found here. Insiders sold a total of 414,314 shares of company stock valued at $30,404,554 over the last 90 days. 0.94% of the stock is currently owned by corporate insiders.

WEC stock opened at $75.72 on Friday. WEC Energy Group Inc has a 1-year low of $58.48 and a 1-year high of $75.89. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $23.70 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 4.86 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that WEC Energy Group Inc will post 3.51 EPS for the current fiscal year.

WEC has been the subject of a number of recent research reports. Wolfe Research downgraded WEC Energy Group from a “market perform” rating to a “sell” rating in a research note on Friday, October 26th. Credit Suisse Group boosted their price objective on WEC Energy Group from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, November 1st. Bank of America downgraded WEC Energy Group from a “buy” rating to a “neutral” rating in a research note on Thursday, November 1st. They noted that the move was a valuation call. ValuEngine downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Finally, Barclays boosted their price objective on WEC Energy Group from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $72.90.

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WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc (NYSE:WEC).

Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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