Moment Partners LLC Invests $314,000 in WEC Energy Group, Inc. (NYSE:WEC)

Moment Partners LLC purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,338 shares of the utilities provider's stock, valued at approximately $314,000.

A number of other large investors have also modified their holdings of the company. Elo Mutual Pension Insurance Co bought a new stake in shares of WEC Energy Group during the fourth quarter valued at about $3,050,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of WEC Energy Group by 12.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 512,787 shares of the utilities provider's stock worth $48,094,000 after buying an additional 55,836 shares in the last quarter. Financial Counselors Inc. lifted its stake in shares of WEC Energy Group by 29.6% in the 4th quarter. Financial Counselors Inc. now owns 2,725 shares of the utilities provider's stock worth $256,000 after acquiring an additional 622 shares during the period. UNIVEST FINANCIAL Corp boosted its holdings in shares of WEC Energy Group by 2.4% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 20,084 shares of the utilities provider's stock valued at $1,889,000 after acquiring an additional 467 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of WEC Energy Group by 3.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 272,427 shares of the utilities provider's stock valued at $25,619,000 after acquiring an additional 7,884 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

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Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares of the company's stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Up 0.5 %

Shares of NYSE:WEC traded up $0.59 during trading on Monday, reaching $108.14. 444,799 shares of the company traded hands, compared to its average volume of 2,311,890. The firm has a fifty day simple moving average of $103.59 and a 200 day simple moving average of $98.94. The firm has a market cap of $34.15 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last released 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.10 EPS. WEC Energy Group's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upped their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Scotiabank boosted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. Wells Fargo & Company upped 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 note on Wednesday, February 5th. StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $101.88.

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.