WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,524 shares of the utilities provider’s stock after purchasing an additional 134 shares during the period. SageView Advisory Group LLC’s holdings in WEC Energy Group were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. increased its stake in shares of WEC Energy Group by 1.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 20,285 shares of the utilities provider’s stock worth $1,908,000 after acquiring an additional 284 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of WEC Energy Group by 2.8% during the 4th quarter. Advisors Capital Management LLC now owns 4,675 shares of the utilities provider’s stock valued at $440,000 after buying an additional 127 shares during the period. Sagespring Wealth Partners LLC acquired a new position in WEC Energy Group in the fourth quarter valued at approximately $285,000. Townsquare Capital LLC increased its stake in WEC Energy Group by 10.8% during the fourth quarter. Townsquare Capital LLC now owns 128,855 shares of the utilities provider’s stock worth $12,117,000 after acquiring an additional 12,538 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in WEC Energy Group by 15.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 31,327 shares of the utilities provider’s stock worth $2,945,000 after acquiring an additional 4,182 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the company’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 $29,865,612.10. This trade represents a 8.33 % 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 insiders.

WEC Energy Group Stock Performance

NYSE WEC opened at $108.40 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. The company has a market capitalization of $34.59 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The business’s 50-day moving average price is $105.35 and its 200 day moving average price is $99.91. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00.

WEC Energy Group (NYSE:WEC) last released 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). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. On average, research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEC has been the subject of several research reports. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded WEC Energy Group from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. BMO Capital Markets upped their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $104.38.

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.