World Investment Advisors Grows Position in WEC Energy Group, Inc. (NYSE:WEC)

World Investment Advisors raised its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,090 shares of the utilities provider’s stock after acquiring an additional 2,015 shares during the period. World Investment Advisors’ holdings in WEC Energy Group were worth $2,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Financial Group LLC boosted its holdings in WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after buying an additional 100 shares during the period. Horizon Investments LLC raised its holdings in WEC Energy Group by 1.9% during the 4th quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock valued at $553,000 after acquiring an additional 109 shares during the period. Wealth Alliance lifted its position in shares of WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after acquiring an additional 110 shares in the last quarter. Advisor OS LLC boosted its holdings in shares of WEC Energy Group by 3.5% in the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 110 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of WEC Energy Group by 14.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Down 3.8 %

Shares of WEC Energy Group stock opened at $104.37 on Friday. The company has a 50 day simple moving average of $104.53 and a two-hundred day simple moving average of $99.32. The firm has a market cap of $33.30 billion, a PE ratio of 21.61, a PEG ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $111.00. 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 (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $119,795.50. Following the transaction, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WEC shares. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. BMO Capital Markets upped their price target on 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 raised 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 report on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One 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. According to data from MarketBeat.com, the stock presently 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.