WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 90,201 shares of the utilities provider’s stock after selling 1,582 shares during the period. Strs Ohio’s holdings in WEC Energy Group were worth $7,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in WEC Energy Group by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 6,805,548 shares of the utilities provider’s stock worth $643,696,000 after acquiring an additional 69,710 shares during the last quarter. Deutsche Bank AG raised its stake in WEC Energy Group by 3.0% in the 3rd quarter. Deutsche Bank AG now owns 5,495,925 shares of the utilities provider’s stock worth $442,697,000 after acquiring an additional 158,652 shares during the last quarter. JPMorgan Chase & Co. raised its stake in WEC Energy Group by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,295,729 shares of the utilities provider’s stock worth $346,021,000 after acquiring an additional 142,412 shares during the last quarter. Invesco Ltd. raised its stake in WEC Energy Group by 3.8% in the 3rd quarter. Invesco Ltd. now owns 4,216,264 shares of the utilities provider’s stock worth $339,620,000 after acquiring an additional 155,437 shares during the last quarter. Finally, Morgan Stanley raised its stake in WEC Energy Group by 1.4% in the 3rd quarter. Morgan Stanley now owns 3,354,181 shares of the utilities provider’s stock worth $270,179,000 after acquiring an additional 44,797 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the sale, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

WEC Energy Group Stock Up 2.3 %

WEC stock opened at $79.61 on Thursday. The firm has a market cap of $25.11 billion, a PE ratio of 18.86, a PEG ratio of 2.71 and a beta of 0.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. The firm’s 50 day moving average price is $79.64 and its 200-day moving average price is $81.32. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $98.80.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reduced their target price on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a research note on Thursday, February 8th. KeyCorp lifted their price objective on WEC Energy Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company reduced their price objective on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. The Goldman Sachs Group began coverage on WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Bank of America restated an “underperform” rating and set a $78.00 target price (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.31.

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.