Dana Investment Advisors Inc. Purchases 3,063 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Dana Investment Advisors Inc. boosted its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,232 shares of the utilities provider's stock after buying an additional 3,063 shares during the quarter. Dana Investment Advisors Inc.'s holdings in WEC Energy Group were worth $1,620,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co bought a new position in shares of WEC Energy Group in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in WEC Energy Group during the third quarter valued at approximately $45,000. Human Investing LLC acquired a new position in WEC Energy Group during the fourth quarter valued at approximately $52,000. Cullen Frost Bankers Inc. grew its stake in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 345 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of WEC Energy Group during the 4th quarter worth approximately $59,000. Institutional investors own 77.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and increased their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. KeyCorp lifted 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 report on Wednesday, December 4th. StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets raised 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.88.

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WEC Energy Group Stock Performance

Shares of NYSE WEC traded down $1.05 during mid-day trading on Wednesday, reaching $104.72. 1,599,475 shares of the company were exchanged, compared to its average volume of 2,009,439. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The stock has a market capitalization of $33.07 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.60 and a beta of 0.45. The company's 50-day simple moving average is $100.55 and its 200-day simple moving average is $97.79. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

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 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 analyst estimates of $2.50 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, 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 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.