Certior Financial Group LLC Acquires Shares of 3,682 WEC Energy Group, Inc. (NYSE:WEC)

Certior Financial Group LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,682 shares of the utilities provider's stock, valued at approximately $346,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew 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 acquiring an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in WEC Energy Group in the 4th quarter worth about $28,000. Hoey Investments Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $42,000. Human Investing LLC bought a new stake in shares of WEC Energy Group during the fourth quarter valued at approximately $52,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WEC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $106.00 to $108.00 in a research note on Tuesday. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $104.38.

WEC Energy Group Stock Up 1.3 %

Shares of NYSE:WEC traded up $1.33 on Friday, reaching $106.84. The company had a trading volume of 1,855,311 shares, compared to its average volume of 2,143,502. 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 stock has a market capitalization of $34.09 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.60 and a beta of 0.44. The stock has a 50-day moving average price of $105.20 and a 200 day moving average price of $99.78. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated 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 sale, the director now directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $119,795.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.44% 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.