Rathbones Group PLC Sells 283 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Rathbones Group PLC lowered its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 784,021 shares of the utilities provider’s stock after selling 283 shares during the quarter. Rathbones Group PLC’s holdings in WEC Energy Group were worth $73,729,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock valued at $1,038,931,000 after purchasing an additional 6,329,574 shares during the period. Geode Capital Management LLC lifted its stake in WEC Energy Group by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 8,063,653 shares of the utilities provider’s stock worth $756,423,000 after acquiring an additional 110,802 shares during the period. JPMorgan Chase & Co. lifted its position in shares of WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after purchasing an additional 699,177 shares during the period. Invesco Ltd. increased its position in shares of WEC Energy Group by 7.9% during the fourth quarter. Invesco Ltd. now owns 4,212,188 shares of the utilities provider’s stock valued at $396,114,000 after buying an additional 309,697 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in WEC Energy Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,863,782 shares of the utilities provider’s stock worth $363,350,000 after buying an additional 87,711 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Down 3.8 %

WEC opened at $104.37 on Monday. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. The firm’s 50 day simple moving average is $104.53 and its two-hundred day simple moving average is $99.38. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $33.30 billion, a PE ratio of 21.61, a PEG ratio of 2.60 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.50 billion. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WEC. BMO Capital Markets lifted their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, Scotiabank upped their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $101.88.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 25,000 shares of the firm’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 directly owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

WEC Energy Group Company 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.