KilterHowling LLC Buys Shares of 1,968 WEC Energy Group, Inc. (NYSE:WEC)

KilterHowling LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,968 shares of the utilities provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC lifted its stake in shares of WEC Energy Group by 15.6% during the third quarter. World Investment Advisors LLC now owns 21,075 shares of the utilities provider’s stock worth $2,027,000 after buying an additional 2,845 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of WEC Energy Group by 238.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 12,421 shares of the utilities provider’s stock valued at $1,195,000 after purchasing an additional 8,751 shares during the period. Tidal Investments LLC raised its stake in shares of WEC Energy Group by 3.9% in the third quarter. Tidal Investments LLC now owns 4,428 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 166 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of WEC Energy Group by 4.7% during the third quarter. Synovus Financial Corp now owns 2,980 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 135 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its position in WEC Energy Group by 56.6% in the third quarter. Peapack Gladstone Financial Corp now owns 6,523 shares of the utilities provider’s stock valued at $627,000 after buying an additional 2,358 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the transaction, the director now directly owns 21,951 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the transaction, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Down 0.2 %

WEC Energy Group stock opened at $108.25 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The stock has a market capitalization of $34.54 billion, a PE ratio of 22.41, 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 $105.50 and a 200-day simple moving average of $99.97. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. BMO Capital Markets increased their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised WEC Energy Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $104.38.

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.