Mizuho Securities USA LLC Acquires 9,487 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Mizuho Securities USA LLC grew its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,983 shares of the utilities provider's stock after purchasing an additional 9,487 shares during the period. Mizuho Securities USA LLC's holdings in WEC Energy Group were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WEC. Larson Financial Group LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 268 shares in the last quarter. Human Investing LLC bought a new stake in WEC Energy Group during the fourth quarter worth about $52,000. Cullen Frost Bankers Inc. increased 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 buying an additional 345 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $56,000. Finally, Bank of Jackson Hole Trust bought a new stake in WEC Energy Group during the 4th quarter worth approximately $59,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Trading Up 1.2 %

NYSE WEC traded up $1.28 on Friday, reaching $107.50. The company had a trading volume of 1,714,390 shares, compared to its average volume of 2,084,743. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The stock's 50 day moving average is $103.42 and its 200-day moving average is $98.81. 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 stock has a market cap of $33.95 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.60 and a beta of 0.45.

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WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates 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 revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on WEC. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price objective 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 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 note on Wednesday, December 4th. Scotiabank raised their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $101.88.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.