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

Dana Investment Advisors Inc. lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 21.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,232 shares of the utilities provider’s stock after buying an additional 3,063 shares during the period. Dana Investment Advisors Inc.’s holdings in WEC Energy Group were worth $1,620,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WEC. Janney Montgomery Scott LLC increased its position in shares of WEC Energy Group by 14.2% during the third quarter. Janney Montgomery Scott LLC now owns 69,286 shares of the utilities provider’s stock worth $6,664,000 after purchasing an additional 8,628 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of WEC Energy Group by 4.6% during the third quarter. QRG Capital Management Inc. now owns 11,991 shares of the utilities provider’s stock worth $1,153,000 after purchasing an additional 529 shares in the last quarter. Leavell Investment Management Inc. increased its position in shares of WEC Energy Group by 1.0% during the third quarter. Leavell Investment Management Inc. now owns 29,888 shares of the utilities provider’s stock worth $2,875,000 after purchasing an additional 286 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of WEC Energy Group during the third quarter worth approximately $258,000. Finally, SpiderRock Advisors LLC increased its position in shares of WEC Energy Group by 195.9% during the third quarter. SpiderRock Advisors LLC now owns 20,319 shares of the utilities provider’s stock worth $1,954,000 after purchasing an additional 13,452 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction of $119,795.50. Following the transaction, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This represents a 4.98 % 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 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 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. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

WEC Energy Group Stock Performance

NYSE WEC opened at $106.89 on Friday. The stock has a market cap of $33.76 billion, a PE ratio of 22.13, 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 $108.87. The stock has a fifty day simple moving average of $100.03 and a 200-day simple moving average of $97.54.

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.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. 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, Wells Fargo & Company upped their target price 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.88.

About WEC Energy Group

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.