WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by ICW Investment Advisors LLC

ICW Investment Advisors LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,477 shares of the utilities provider’s stock after buying an additional 255 shares during the period. ICW Investment Advisors LLC’s holdings in WEC Energy Group were worth $1,267,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WEC. Marshall Financial Group LLC raised its stake in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after buying an additional 100 shares during the period. Horizon Investments LLC increased its position in shares of WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock worth $553,000 after purchasing an additional 109 shares in the last quarter. Wealth Alliance increased its position in shares of WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after purchasing an additional 110 shares in the last quarter. Advisor OS LLC increased its position in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of WEC Energy Group by 14.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 transaction, the director now owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Performance

NYSE WEC opened at $106.76 on Monday. The stock has a market cap of $33.72 billion, a PE ratio of 22.10, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The stock has a fifty day simple moving average of $102.63 and a 200-day simple moving average of $98.55.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results 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 business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEC has been the subject of several research reports. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, KeyCorp upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $101.88.

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.