iA Global Asset Management Inc. Has $1.12 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

iA Global Asset Management Inc. trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,895 shares of the utilities provider’s stock after selling 562 shares during the quarter. iA Global Asset Management Inc.’s holdings in WEC Energy Group were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its stake in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. Human Investing LLC acquired a new position in WEC Energy Group during the 4th quarter valued at $52,000. Cullen Frost Bankers Inc. raised its stake in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter valued at $56,000. Finally, Bank of Jackson Hole Trust acquired a new position in WEC Energy Group during the 4th quarter valued at $59,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WEC has been the subject of several research analyst reports. BMO Capital Markets upped 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 research note on Wednesday, February 5th. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.88.

WEC Energy Group Stock Down 1.0 %

WEC opened at $106.76 on Friday. The firm’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $98.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The firm 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

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.