9,978 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,978 shares of the utilities provider's stock, valued at approximately $938,000.

A number of other hedge funds have also made changes to their positions in WEC. Larson Financial Group LLC raised its holdings in WEC Energy Group by 3,828.6% in the 4th 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 period. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $52,000. Cullen Frost Bankers Inc. lifted its position in shares of WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after purchasing an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $56,000. Finally, Bank of Jackson Hole Trust bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the business'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 owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company's stock, 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. Company insiders own 0.34% of the company's stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock traded down $0.12 during midday trading on Tuesday, hitting $108.86. 2,171,566 shares of the company were exchanged, compared to its average volume of 2,090,527. The firm has a 50 day simple moving average of $103.96 and a 200-day simple moving average of $99.13. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The firm has a market cap of $34.38 billion, a P/E ratio of 22.54, a PEG ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

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

Analyst Ratings Changes

Several research firms have recently weighed in on WEC. StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. BMO Capital Markets increased their target price on shares of 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. Bank of America raised 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. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, KeyCorp lifted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, WEC Energy Group 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.