Twin City Private Wealth LLC Boosts Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Twin City Private Wealth LLC raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,711 shares of the utilities provider’s stock after purchasing an additional 558 shares during the period. Twin City Private Wealth LLC’s holdings in WEC Energy Group were worth $1,101,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of WEC Energy Group by 7.1% in the fourth quarter. LPL Financial LLC now owns 702,290 shares of the utilities provider’s stock worth $66,043,000 after purchasing an additional 46,775 shares in the last quarter. AXQ Capital LP purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $595,000. Mizuho Securities USA LLC grew its stake in WEC Energy Group by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 29,983 shares of the utilities provider’s stock valued at $2,820,000 after acquiring an additional 9,487 shares in the last quarter. Quantbot Technologies LP purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $2,936,000. Finally, Adams Diversified Equity Fund Inc. purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $15,197,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Trading Down 1.0 %

Shares of WEC opened at $106.76 on Monday. 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. 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 fifty-two week low of $77.47 and a fifty-two week high of $110.19. The firm has a 50 day moving average price of $102.63 and a 200-day moving average price of $98.55.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data 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 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 company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank boosted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. BMO Capital Markets boosted their price objective 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. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.88.

WEC Energy Group 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.