Duff & Phelps Investment Management Co. Has $127.66 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Duff & Phelps Investment Management Co. lowered its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,357,527 shares of the utilities provider's stock after selling 8,324 shares during the period. WEC Energy Group accounts for 1.5% of Duff & Phelps Investment Management Co.'s portfolio, making the stock its 19th largest holding. Duff & Phelps Investment Management Co. owned about 0.43% of WEC Energy Group worth $127,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WEC. Annex Advisory Services LLC boosted its stake in WEC Energy Group by 6.5% in the fourth quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock worth $10,405,000 after purchasing an additional 6,785 shares in the last quarter. Matrix Trust Co bought a new position in WEC Energy Group in the fourth quarter valued at about $1,538,000. Motley Fool Wealth Management LLC grew its position in shares of WEC Energy Group by 51.0% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock worth $2,883,000 after buying an additional 10,126 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock worth $42,689,000 after buying an additional 78,580 shares during the last quarter. Finally, PFW Advisors LLC acquired a new position in WEC Energy Group in the fourth quarter valued at approximately $1,073,000. 77.20% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

WEC has been the subject of a number of recent analyst reports. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Scotiabank lifted their price target 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. Finally, StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $101.88.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction 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 trade represents a 8.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction dated 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 transaction, the director now directly 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 position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

WEC Energy Group Stock Down 0.1 %

Shares of WEC Energy Group stock traded down $0.12 on Tuesday, reaching $108.86. 987,061 shares of the company were exchanged, compared to its average volume of 2,325,340. WEC Energy Group, Inc. has a one year low of $77.47 and a one year 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. The company has a 50-day moving average of $103.79 and a 200 day moving average of $99.04. The company has a market capitalization of $34.38 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business's revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

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.