TIAA Trust National Association Sells 436 Shares of WEC Energy Group, Inc. (NYSE:WEC)

TIAA Trust National Association reduced its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,187 shares of the utilities provider’s stock after selling 436 shares during the period. TIAA Trust National Association’s holdings in WEC Energy Group were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. 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 during the last quarter. Human Investing LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $52,000. Cullen Frost Bankers Inc. lifted its stake 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 valued at $55,000 after purchasing an additional 345 shares during the period. Flagship Wealth Advisors LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust acquired a new stake in WEC Energy Group during the fourth quarter worth approximately $59,000. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction that occurred 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 owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group 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 sale, the director now owns 21,951 shares in the company, valued at $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 0.34% of the company’s stock.

WEC Energy Group Trading Up 0.4 %

Shares of WEC Energy Group stock opened at $106.27 on Friday. The company has a market capitalization of $33.56 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The stock has a fifty day simple moving average of $103.42 and a 200 day simple moving average of $98.81. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $110.19. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price objective 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. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. KeyCorp upped their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Scotiabank boosted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report 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 given a buy rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and an average 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.