Enhancing Capital LLC Acquires Shares of 11,706 WEC Energy Group, Inc. (NYSE:WEC)

Enhancing Capital LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,706 shares of the utilities provider's stock, valued at approximately $1,101,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WEC. Larson Financial Group LLC raised its holdings in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after purchasing an additional 268 shares during the period. Coastline Trust Co acquired a new stake in shares of WEC Energy Group during the third quarter worth $29,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter worth $52,000. Cullen Frost Bankers Inc. raised its holdings in shares of WEC Energy Group by 140.8% during the fourth 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 period. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter worth $56,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

WEC traded down $1.05 on Friday, reaching $106.76. The company had a trading volume of 5,327,031 shares, compared to its average volume of 2,018,003. The company has a fifty day moving average of $102.63 and a 200-day moving average of $98.49. The company has a market capitalization of $33.72 billion, a P/E ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.45. 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, Inc. has a one year low of $77.47 and a one year high of $110.19.

Remove Ads

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results 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). The company 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, equities research analysts anticipate 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 other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction dated 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 directly owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WEC. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp upped their price target 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. Scotiabank upped 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. 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, StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $101.88.

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.