Private Harbour Investment Management & Counsel LLC Has $882,000 Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Private Harbour Investment Management & Counsel LLC lowered its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,380 shares of the utilities provider’s stock after selling 186 shares during the period. WEC Energy Group comprises about 1.0% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 29th biggest holding. Private Harbour Investment Management & Counsel LLC’s holdings in WEC Energy Group were worth $882,000 at the end of the most recent quarter.

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

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the 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 transaction, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

WEC has been the subject of a number of research reports. BMO Capital Markets raised 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 report on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. KeyCorp increased their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Scotiabank lifted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

NYSE:WEC opened at $104.32 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.60 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 has a fifty day moving average of $103.06 and a 200-day moving average of $98.70. The firm has a market capitalization of $32.95 billion, a P/E ratio of 21.60, 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 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

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.