4,185 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,185 shares of the utilities provider's stock, valued at approximately $394,000.

Several other institutional investors have also modified their holdings of WEC. Larson Financial Group LLC lifted its position in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. Human Investing LLC acquired a new stake in WEC Energy Group during the 4th quarter worth $52,000. Cullen Frost Bankers Inc. grew its position in WEC Energy Group by 140.8% during 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 during the last quarter. Flagship Wealth Advisors LLC acquired a new position in WEC Energy Group in the fourth quarter valued at $56,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at about $59,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Trading Down 0.2 %

Shares of NYSE WEC traded down $0.25 on Wednesday, reaching $108.64. 393,835 shares of the company traded hands, compared to its average volume of 2,083,852. 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, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The company has a 50 day moving average of $103.96 and a 200 day moving average of $99.13. The stock has a market capitalization of $34.31 billion, a PE ratio of 22.46, a P/E/G ratio of 2.60 and a beta of 0.45.

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WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company posted $1.10 earnings per share. WEC Energy Group's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WEC has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Scotiabank raised their target price on WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a report on Monday, December 9th. KeyCorp lifted their price target on shares of 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, Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $101.88.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction 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 sale, the director now owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, 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. Insiders own 0.34% of the company's stock.

About WEC Energy Group

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.