Brown Brothers Harriman & Co. Has $64,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Brown Brothers Harriman & Co. cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 65.2% during the 4th quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its holdings in 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 period. Verition Fund Management LLC increased its holdings in shares of WEC Energy Group by 206.2% during the 3rd quarter. Verition Fund Management LLC now owns 29,968 shares of the utilities provider’s stock worth $2,882,000 after acquiring an additional 20,180 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in WEC Energy Group in the 3rd quarter valued at $1,316,000. HighTower Advisors LLC lifted its holdings in WEC Energy Group by 13.0% during the 3rd quarter. HighTower Advisors LLC now owns 100,517 shares of the utilities provider’s stock valued at $9,681,000 after purchasing an additional 11,593 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its holdings in shares of 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 valued at $1,006,000 after purchasing an additional 3,400 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WEC shares. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Scotiabank upped their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. KeyCorp lifted their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $101.88.

WEC Energy Group Stock Up 0.1 %

Shares of NYSE WEC opened at $108.96 on Thursday. The company has a 50 day simple moving average of $104.19 and a 200 day simple moving average of $99.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. The firm has a market cap of $34.41 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

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 analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion for 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%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. On average, research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

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.