B.O.S.S. Retirement Advisors LLC Increases Position in WEC Energy Group, Inc. (NYSE:WEC)

B.O.S.S. Retirement Advisors LLC boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 12,411 shares of the utilities provider’s stock after acquiring an additional 562 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in WEC Energy Group were worth $1,194,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in WEC Energy Group by 36.7% in the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock valued at $201,328,000 after buying an additional 688,812 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of WEC Energy Group by 11.8% during the second quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after purchasing an additional 206,637 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in WEC Energy Group by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider’s stock valued at $139,889,000 after purchasing an additional 61,019 shares during the period. Clearbridge Investments LLC boosted its holdings in WEC Energy Group by 1.7% in the second quarter. Clearbridge Investments LLC now owns 1,355,909 shares of the utilities provider’s stock valued at $106,385,000 after purchasing an additional 22,026 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of WEC Energy Group by 9.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,320,723 shares of the utilities provider’s stock valued at $108,458,000 after buying an additional 111,254 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $98.74 on Thursday. The business’s fifty day moving average price is $93.73 and its 200 day moving average price is $85.79. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $98.93. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $31.21 billion, a PE ratio of 22.80, a P/E/G ratio of 2.48 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of recent research reports. KeyCorp upped their target price on WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Scotiabank upped their price target on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They issued a “hold” rating and a $102.00 price objective for the company. BMO Capital Markets lifted their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company increased their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.00.

Insiders Place Their Bets

In other WEC Energy Group news, VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now owns 3,662 shares in the company, valued at $340,712.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Mary Beth Straka sold 3,240 shares of WEC Energy Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the transaction, the vice president now owns 3,662 shares in the company, valued at approximately $340,712.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP William J. Guc sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the sale, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,702 shares of company stock worth $1,078,058 in the last ninety days. 0.44% of the stock is owned by corporate insiders.

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.