WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 65.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684 shares of the utilities provider’s stock after selling 1,283 shares during the period. Brown Brothers Harriman & Co.’s holdings in WEC Energy Group were worth $64,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WEC. Captrust Financial Advisors lifted its position in shares of WEC Energy Group by 11.5% during the third quarter. Captrust Financial Advisors now owns 24,957 shares of the utilities provider’s stock worth $2,400,000 after purchasing an additional 2,583 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of WEC Energy Group by 206.2% in the 3rd quarter. Verition Fund Management LLC now owns 29,968 shares of the utilities provider’s stock valued at $2,882,000 after acquiring an additional 20,180 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of WEC Energy Group during the 3rd quarter valued at approximately $1,316,000. HighTower Advisors LLC lifted its stake in WEC Energy Group by 13.0% during the third quarter. HighTower Advisors LLC now owns 100,517 shares of the utilities provider’s stock worth $9,681,000 after purchasing an additional 11,593 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in WEC Energy Group by 48.1% in the third quarter. Investment Management Corp of Ontario now owns 10,462 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 3,400 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Up 0.1 %

WEC stock opened at $108.96 on Thursday. The firm’s 50-day moving average is $104.19 and its two-hundred day moving average is $99.20. 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 $34.41 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth 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.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share 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 analyst estimates of $2.50 billion. During the same quarter 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. On average, analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 274,955 shares in the company, valued at $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 through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares of the company’s stock, valued at $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WEC. BMO Capital Markets raised their price target 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. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, 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 note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.