Amundi Buys 6,902 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Amundi raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,756 shares of the utilities provider's stock after acquiring an additional 6,902 shares during the period. Amundi owned approximately 0.09% of WEC Energy Group worth $25,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its stake in WEC Energy Group by 106,685.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock worth $2,500,680,000 after purchasing an additional 25,975,652 shares in the last quarter. Wellington Management Group LLP grew its position in WEC Energy Group by 17,270.5% during the third quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock worth $453,794,000 after buying an additional 4,691,017 shares in the last quarter. Raymond James Financial Inc. bought a new position in WEC Energy Group during the 4th quarter worth $188,879,000. Charles Schwab Investment Management Inc. grew its holdings in shares of WEC Energy Group by 102.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock worth $362,971,000 after purchasing an additional 1,912,223 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after purchasing an additional 699,177 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, 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. Insiders own 0.34% of the company's stock.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $104.97 on Friday. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week 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. The business has a 50 day moving average price of $100.99 and a 200-day moving average price of $97.89. The company has a market cap of $33.15 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

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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 earnings per share 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 firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on WEC. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. KeyCorp boosted their target price 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. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets raised their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.

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