Zions Bancorporation N.A. Purchases 706 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Zions Bancorporation N.A. boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,915 shares of the utilities provider’s stock after purchasing an additional 706 shares during the quarter. Zions Bancorporation N.A.’s holdings in WEC Energy Group were worth $3,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position 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 in the last quarter. Human Investing LLC purchased a new stake in WEC Energy Group during the 4th quarter valued at approximately $52,000. Cullen Frost Bankers Inc. raised its position in shares of WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after buying an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth $56,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of WEC Energy Group during the fourth quarter worth $59,000. 77.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WEC has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. KeyCorp raised their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $101.88.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents 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 Trading Down 0.9 %

Shares of WEC stock opened at $105.85 on Tuesday. The company has a market cap of $33.43 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. The stock’s 50 day simple moving average is $102.87 and its two-hundred day simple moving average is $98.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

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.