WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 41.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,872 shares of the utilities provider’s stock after buying an additional 3,181 shares during the period. Jones Financial Companies Lllp’s holdings in WEC Energy Group were worth $1,022,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Coastline Trust Co bought a new stake in shares of WEC Energy Group during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in shares of WEC Energy Group during the 3rd quarter valued at about $45,000. Human Investing LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $52,000. Bank of Jackson Hole Trust bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $59,000. Finally, Kestra Investment Management LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $61,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 3.0 %

Shares of NYSE:WEC opened at $106.89 on Friday. The company has a 50 day moving average of $100.03 and a 200-day moving average of $97.49. The firm has a market cap of $33.76 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $108.87. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last issued its quarterly 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). 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%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Transactions at WEC Energy Group

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 business’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 completion of the sale, the director now owns 21,951 shares in the company, 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. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

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