Whittier Trust Co. Has $34,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Whittier Trust Co. trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 65.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 359 shares of the utilities provider’s stock after selling 683 shares during the quarter. Whittier Trust Co.’s holdings in WEC Energy Group were worth $34,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WEC. Larson Financial Group LLC increased its holdings in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares during the period. Human Investing LLC bought a new position in WEC Energy Group during the 4th quarter worth $52,000. Cullen Frost Bankers Inc. raised its holdings in WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 345 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at $56,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of WEC Energy Group during the 4th quarter worth $59,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s 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 sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Price Performance

Shares of WEC opened at $105.85 on Tuesday. The business has a 50-day simple moving average of $102.87 and a two-hundred day simple moving average of $98.63. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $110.19. The stock has a market cap of $33.43 billion, a PE ratio of 21.91, a PEG ratio of 2.60 and a beta of 0.45. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business earned $1.10 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WEC. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. BMO Capital Markets lifted their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. KeyCorp upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company 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 issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $101.88.

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.