Kiker Wealth Management LLC Makes New $398,000 Investment in WEC Energy Group, Inc. (NYSE:WEC)

Kiker Wealth Management LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 4,227 shares of the utilities provider's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEC. Annex Advisory Services LLC lifted its stake in shares of WEC Energy Group by 6.5% during 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 purchased a new stake in shares of WEC Energy Group during the 4th quarter valued at about $1,538,000. DRW Securities LLC acquired a new position in WEC Energy Group during the 3rd quarter worth approximately $1,392,000. Motley Fool Wealth Management LLC lifted its position in 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 acquiring an additional 10,126 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in WEC Energy Group by 20.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock worth $42,689,000 after acquiring an additional 78,580 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WEC shares. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Scotiabank lifted their target price on 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. StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, KeyCorp boosted 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 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $101.88.

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WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $1.46 on Tuesday, reaching $104.32. 1,852,760 shares of the company's stock were exchanged, compared to its average volume of 2,018,645. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The business's 50-day moving average is $102.87 and its two-hundred day moving average is $98.63. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $32.95 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued 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 business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now owns 21,951 shares of the company's stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction dated 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 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. Insiders own 0.34% of the company's stock.

About WEC Energy Group

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.