Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,237 shares of the utilities provider's stock after selling 2,351 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.19% of WEC Energy Group worth $56,352,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Marshall Financial Group LLC increased its holdings in WEC Energy Group by 4.8% in the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider's stock valued at $207,000 after buying an additional 100 shares in the last quarter. Horizon Investments LLC grew its position in shares of WEC Energy Group by 1.9% during the 4th quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock valued at $553,000 after acquiring an additional 109 shares during the period. Wealth Alliance increased its stake in shares of WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock valued at $1,325,000 after purchasing an additional 110 shares in the last quarter. Advisor OS LLC raised its holdings in WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock worth $303,000 after purchasing an additional 110 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in WEC Energy Group by 14.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock worth $86,000 after purchasing an additional 118 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

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WEC Energy Group Price Performance

WEC stock traded down $0.97 during mid-day trading on Monday, reaching $105.85. The company's stock had a trading volume of 1,725,073 shares, compared to its average volume of 2,019,629. The stock has a market cap of $33.43 billion, a PE ratio of 21.91, a P/E/G ratio of 2.60 and a beta of 0.45. The company's 50 day moving average is $102.87 and its two-hundred day moving average is $98.63. 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 current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted 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). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WEC. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Scotiabank upped their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Finally, Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and an average target price of $101.88.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the 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 sale, the director now owns 21,951 shares of the company's stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the firm's 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 sale, the director now 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.

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.