South Street Advisors LLC Acquires 5,755 Shares of WEC Energy Group, Inc. (NYSE:WEC)

South Street Advisors LLC grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,950 shares of the utilities provider’s stock after purchasing an additional 5,755 shares during the quarter. WEC Energy Group makes up 2.5% of South Street Advisors LLC’s portfolio, making the stock its 16th biggest position. South Street Advisors LLC owned 0.05% of WEC Energy Group worth $16,358,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WEC. ING Groep NV bought a new stake in shares of WEC Energy Group in the 3rd quarter valued at about $619,000. Coastline Trust Co purchased a new position in shares of WEC Energy Group in the 3rd quarter worth approximately $29,000. Natixis Advisors LLC grew its position in shares of WEC Energy Group by 17.3% in the 3rd quarter. Natixis Advisors LLC now owns 275,834 shares of the utilities provider’s stock worth $26,530,000 after buying an additional 40,735 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of WEC Energy Group in the 3rd quarter worth approximately $373,000. Finally, Claro Advisors LLC grew its position in shares of WEC Energy Group by 9.5% in the 3rd quarter. Claro Advisors LLC now owns 9,610 shares of the utilities provider’s stock worth $924,000 after buying an additional 835 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.3 %

NYSE:WEC opened at $107.12 on Tuesday. 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, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The company’s 50 day moving average is $101.55 and its two-hundred day moving average is $98.16. The company has a market cap of $33.83 billion, a PE ratio of 22.18, a P/E/G ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred 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 approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business’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 completion of the transaction, the director now owns 274,955 shares of the company’s stock, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WEC shares. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets lifted their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. KeyCorp boosted their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. One research 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 company currently has a consensus rating of “Hold” and a consensus 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.