WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 272,427 shares of the utilities provider’s stock after buying an additional 7,884 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of WEC Energy Group worth $25,619,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 268 shares during the last quarter. Human Investing LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $52,000. Cullen Frost Bankers Inc. lifted its holdings in shares of WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter valued at approximately $56,000. Finally, Bank of Jackson Hole Trust bought a new position in WEC Energy Group during the 4th quarter worth $59,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.4 %

WEC opened at $106.27 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The company has a market capitalization of $33.56 billion, a PE ratio of 22.00, a P/E/G ratio of 2.60 and a beta of 0.45. The stock’s fifty day moving average is $103.42 and its 200-day moving average is $98.81. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19.

WEC Energy Group (NYSE:WEC) last issued 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 return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.10 earnings per share. WEC Energy Group’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WEC shares. KeyCorp boosted 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. 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 report on Wednesday, February 5th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their target price 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. Finally, Scotiabank lifted their target price on 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $101.88.

WEC Energy Group 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.