LPL Financial LLC Purchases 46,775 Shares of WEC Energy Group, Inc. (NYSE:WEC)

LPL Financial LLC raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 702,290 shares of the utilities provider's stock after acquiring an additional 46,775 shares during the period. LPL Financial LLC owned about 0.22% of WEC Energy Group worth $66,043,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC raised its position in WEC Energy Group by 3,828.6% in the 4th 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. Human Investing LLC bought a new position in shares of WEC Energy Group during the fourth quarter valued at about $52,000. Cullen Frost Bankers Inc. increased its holdings in shares of WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares during the period. Flagship Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $56,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of WEC Energy Group in the 4th quarter valued at about $59,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WEC has been the topic of a number of analyst reports. Scotiabank lifted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets upped 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 research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of "Hold" and a consensus price target of $101.88.

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Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on 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 transaction, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 completion of the sale, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents 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.

WEC Energy Group Trading Up 1.5 %

Shares of NYSE:WEC traded up $1.59 on Monday, hitting $109.14. The company had a trading volume of 2,572,634 shares, compared to its average volume of 2,086,687. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. 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's 50-day simple moving average is $103.79 and its two-hundred day simple moving average is $99.04. The firm has a market capitalization of $34.47 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal 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.