32,432 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,432 shares of the utilities provider's stock, valued at approximately $3,050,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in WEC Energy Group by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 201,182 shares of the utilities provider's stock worth $19,350,000 after buying an additional 4,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WEC Energy Group by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,176 shares of the utilities provider's stock valued at $7,038,000 after buying an additional 1,367 shares during the period. Public Sector Pension Investment Board increased its position in WEC Energy Group by 3.2% during the third quarter. Public Sector Pension Investment Board now owns 55,222 shares of the utilities provider's stock valued at $5,311,000 after acquiring an additional 1,700 shares during the last quarter. Financial Counselors Inc. purchased a new stake in shares of WEC Energy Group during the 3rd quarter valued at about $202,000. Finally, Isthmus Partners LLC purchased a new position in shares of WEC Energy Group in the third quarter worth approximately $282,000. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Trading Down 0.3 %

WEC traded down $0.32 during trading on Wednesday, reaching $108.58. The company had a trading volume of 393,835 shares, compared to its average volume of 2,083,840. The business has a 50 day simple moving average of $103.96 and a 200-day simple moving average of $99.13. The stock has a market cap of $34.29 billion, a P/E ratio of 22.46, a PEG ratio of 2.60 and a beta of 0.45. 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, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19.

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

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the firm'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 sale, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the transaction, the director now directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on WEC. Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Scotiabank boosted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. BMO Capital Markets increased their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.