Larson Financial Group LLC Boosts Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Larson Financial Group LLC boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3,828.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275 shares of the utilities provider’s stock after buying an additional 268 shares during the quarter. Larson Financial Group LLC’s holdings in WEC Energy Group were worth $26,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. West Family Investments Inc. increased its holdings in WEC Energy Group by 27.6% in the fourth quarter. West Family Investments Inc. now owns 4,153 shares of the utilities provider’s stock valued at $391,000 after buying an additional 898 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in WEC Energy Group by 5.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 40,165 shares of the utilities provider’s stock valued at $3,777,000 after buying an additional 1,908 shares during the last quarter. Callan Family Office LLC purchased a new position in WEC Energy Group in the fourth quarter valued at $369,000. Hartford Funds Management Co LLC increased its holdings in WEC Energy Group by 16.5% in the fourth quarter. Hartford Funds Management Co LLC now owns 3,468 shares of the utilities provider’s stock valued at $326,000 after buying an additional 490 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in WEC Energy Group by 40.1% in the fourth quarter. Lindbrook Capital LLC now owns 919 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $104.97 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a market cap of $33.15 billion, a P/E ratio of 21.73, a PEG ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The company has a 50-day moving average price of $100.99 and a 200 day moving average price of $97.89.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on WEC. KeyCorp upped their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. 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 research note on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Scotiabank upped their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.88.

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.