WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 31.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,701,828 shares of the utilities provider's stock after selling 764,775 shares during the period. American Century Companies Inc. owned approximately 0.54% of WEC Energy Group worth $160,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its position in shares of WEC Energy Group by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 29,983 shares of the utilities provider's stock worth $2,820,000 after purchasing an additional 9,487 shares during the last quarter. Quantbot Technologies LP purchased a new stake in WEC Energy Group during the 4th quarter worth about $2,936,000. Adams Diversified Equity Fund Inc. acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $15,197,000. TD Private Client Wealth LLC increased its holdings in shares of WEC Energy Group by 0.9% in the 4th quarter. TD Private Client Wealth LLC now owns 30,231 shares of the utilities provider's stock valued at $2,843,000 after acquiring an additional 274 shares during the last quarter. Finally, Kiker Wealth Management LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth about $398,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

NYSE WEC traded up $0.47 during trading on Thursday, reaching $106.27. The company's stock had a trading volume of 1,371,839 shares, compared to its average volume of 2,016,299. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The firm has a market cap of $33.56 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.60 and a beta of 0.45. The business's fifty day moving average price is $103.27 and its 200-day moving average price is $98.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

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

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred 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 directly owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company'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 transaction, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

WEC has been the subject of a number of research analyst reports. 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 report on Wednesday, February 5th. Scotiabank upped their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a report on Monday, December 9th. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp upped their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.