Sound View Wealth Advisors Group LLC Grows Stake in WEC Energy Group, Inc. (NYSE:WEC)

Sound View Wealth Advisors Group LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,888 shares of the utilities provider’s stock after acquiring an additional 200 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in WEC Energy Group were worth $742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Larson Financial Group LLC raised its position in shares of WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Coastline Trust Co bought a new position in shares of WEC Energy Group in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of WEC Energy Group in the 3rd quarter worth approximately $45,000. Human Investing LLC bought a new position in shares of WEC Energy Group in the 4th quarter worth approximately $52,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WEC shares. KeyCorp increased their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price objective on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction on 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 $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

WEC Energy Group Stock Up 3.0 %

WEC Energy Group stock opened at $106.89 on Monday. The firm has a market cap of $33.76 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45. The stock has a fifty day simple moving average of $100.03 and a two-hundred day simple moving average of $97.58. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $108.87. 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 (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal 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.