Orion Portfolio Solutions LLC Has $4.76 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Orion Portfolio Solutions LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,629 shares of the utilities provider’s stock after purchasing an additional 2,492 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in WEC Energy Group were worth $4,761,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WEC. Larson Financial Group LLC boosted its holdings 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 buying an additional 268 shares during the last quarter. Human Investing LLC bought a new stake in WEC Energy Group during the fourth quarter worth $52,000. Cullen Frost Bankers Inc. lifted its stake in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of WEC Energy Group in the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $59,000. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several equities 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 raised their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised their price objective on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Scotiabank boosted their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. One investment 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’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $107.50 on Monday. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market cap of $33.95 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.45. The stock’s fifty day moving average price is $103.59 and its two-hundred day moving average price is $98.94.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the transaction, the director now directly 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. Insiders own 0.34% of the company’s stock.

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.