Essential Planning LLC. Purchases Shares of 31,720 WEC Energy Group, Inc. (NYSE:WEC)

Essential Planning LLC. bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,720 shares of the utilities provider's stock, valued at approximately $3,075,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after buying an additional 268 shares during the last quarter. Coastline Trust Co purchased a new position in WEC Energy Group during the third quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in WEC Energy Group in the 3rd quarter valued at $45,000. Human Investing LLC purchased a new stake in WEC Energy Group in the 4th quarter worth $52,000. Finally, Cullen Frost Bankers Inc. lifted its stake in 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 in the last quarter. Institutional investors own 77.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on WEC. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets upped their price objective on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. KeyCorp increased 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. Scotiabank boosted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. One 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $101.88.

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Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group 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 directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of 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.

WEC Energy Group Trading Up 0.2 %

Shares of NYSE:WEC traded up $0.23 during trading hours on Thursday, hitting $104.97. 1,953,806 shares of the company's stock traded hands, compared to its average volume of 2,010,847. The firm has a market capitalization of $33.15 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The business has a fifty day moving average price of $100.99 and a 200-day moving average price of $97.89. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. 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 - Get Free Report) 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. WEC Energy Group's revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

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.