WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,614 shares of the utilities provider's stock after selling 12,671 shares during the period. Advisors Asset Management Inc.'s holdings in WEC Energy Group were worth $3,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WEC. Larson Financial Group LLC lifted 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 worth $26,000 after purchasing an additional 268 shares during the last quarter. Human Investing LLC bought a new stake in WEC Energy Group during the 4th quarter valued at about $52,000. Cullen Frost Bankers Inc. boosted its position 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 valued at $55,000 after buying an additional 345 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in WEC Energy Group in the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of WEC Energy Group during the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a document filed 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 stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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WEC Energy Group Stock Down 1.4 %

WEC stock traded down $1.46 on Tuesday, hitting $104.32. 1,852,760 shares of the company's stock were exchanged, compared to its average volume of 2,018,645. The firm has a 50 day moving average price of $102.87 and a two-hundred day moving average price of $98.63. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $110.19. The stock has a market cap of $32.95 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on WEC shares. BMO Capital Markets raised their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Scotiabank increased 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 note on Monday, December 9th. KeyCorp boosted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.