Frank Rimerman Advisors LLC Has $378,000 Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Frank Rimerman Advisors LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 29.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,023 shares of the utilities provider’s stock after buying an additional 919 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in WEC Energy Group were worth $378,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after buying an additional 268 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of WEC Energy Group in the third quarter valued at approximately $29,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $52,000. Cullen Frost Bankers Inc. lifted its position in shares of WEC Energy Group by 140.8% in 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. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $59,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction on 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 owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction 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 completion of the transaction, the director now 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. Corporate insiders own 0.34% of the company’s stock.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $106.89 on Monday. The stock’s fifty day moving average price is $101.25 and its two-hundred day moving average price is $98.06. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market cap of $33.76 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

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 analysts’ consensus estimates 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business earned $1.10 EPS. WEC Energy Group’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets lifted their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock 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. Wells Fargo & Company lifted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Finally, KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average 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.