Meiji Yasuda Asset Management Co Ltd. Has $1.38 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Meiji Yasuda Asset Management Co Ltd. lessened its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,647 shares of the utilities provider's stock after selling 22,520 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in WEC Energy Group were worth $1,377,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in WEC Energy Group by 17.3% during the third quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider's stock valued at $2,527,000 after buying an additional 3,880 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of WEC Energy Group by 11.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 38,499 shares of the utilities provider's stock worth $3,703,000 after purchasing an additional 3,980 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of WEC Energy Group by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 5,389 shares of the utilities provider's stock valued at $518,000 after purchasing an additional 152 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $19,350,000 after purchasing an additional 4,411 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in WEC Energy Group in the third quarter worth $118,000. 77.20% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group 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 transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction dated 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 directly owns 274,955 shares in the company, valued at $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. Company insiders own 0.34% of the company's stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock traded up $1.59 during trading on Monday, hitting $109.14. 2,572,634 shares of the company's stock traded hands, compared to its average volume of 2,086,687. The company has a market cap of $34.47 billion, a PE ratio of 22.60, a PEG ratio of 2.60 and a beta of 0.45. The firm's fifty day moving average price is $103.79 and its 200 day moving average price is $99.04. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

WEC has been the topic of several recent research reports. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. KeyCorp upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group 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.