National Bank of Canada FI Has $18.48 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

National Bank of Canada FI raised its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,432 shares of the utilities provider's stock after purchasing an additional 28,476 shares during the period. National Bank of Canada FI owned 0.06% of WEC Energy Group worth $18,478,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after acquiring an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $28,000. Hoey Investments Inc. purchased a new stake in shares of WEC Energy Group during the 4th quarter valued at $42,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth $52,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of WEC Energy Group by 140.8% in the 4th 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. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $106.00 to $108.00 in a research report on Tuesday. Finally, Scotiabank raised their price objective 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $102.56.

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WEC Energy Group Price Performance

Shares of WEC stock traded up $2.00 during midday trading on Tuesday, reaching $105.21. 638,935 shares of the company were exchanged, compared to its average volume of 2,377,711. The company's 50 day moving average price is $104.58 and its two-hundred day moving average price is $99.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The company has a market cap of $33.57 billion, a P/E ratio of 21.80, a PEG ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company posted $1.10 earnings per share. WEC Energy Group's revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on 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 completion of the sale, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was 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 approximately $2,286,635.67. This represents a 4.98 % 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 Company 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.