WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 41.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,872 shares of the utilities provider’s stock after acquiring an additional 3,181 shares during the quarter. Jones Financial Companies Lllp’s holdings in WEC Energy Group were worth $1,022,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Coastline Trust Co acquired a new stake in WEC Energy Group during the third quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of WEC Energy Group in the 3rd quarter valued at $45,000. Human Investing LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $52,000. Bank of Jackson Hole Trust acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $59,000. Finally, Kestra Investment Management LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analysts Set New Price Targets

WEC has been the topic of a number of research analyst reports. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. KeyCorp lifted their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Scotiabank lifted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.88.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $106.89 on Friday. 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 firm has a market capitalization of $33.76 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45. The firm’s fifty day simple moving average is $100.03 and its 200 day simple moving average is $97.49. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $108.87.

WEC Energy Group (NYSE:WEC) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.