NEOS Investment Management LLC Boosts Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

NEOS Investment Management LLC lifted its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,292 shares of the utilities provider's stock after purchasing an additional 3,728 shares during the quarter. NEOS Investment Management LLC's holdings in WEC Energy Group were worth $1,532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEC. Larson Financial Group LLC grew 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 buying an additional 268 shares during the period. Human Investing LLC acquired a new position in WEC Energy Group in the fourth quarter valued at approximately $52,000. Cullen Frost Bankers Inc. grew its position in 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 acquiring an additional 345 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in WEC Energy Group during the fourth quarter worth $56,000. Finally, Bank of Jackson Hole Trust purchased a new stake in WEC Energy Group in the fourth quarter valued at $59,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the firm'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 transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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WEC Energy Group Stock Up 1.0 %

Shares of NYSE WEC traded up $1.11 during midday trading on Thursday, hitting $109.95. 594,679 shares of the company's stock were exchanged, compared to its average volume of 2,085,489. The firm's fifty day simple moving average is $104.19 and its 200-day simple moving average is $99.20. The company has a market cap of $34.72 billion, a PE ratio of 22.76, a P/E/G ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. 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 return on equity of 12.39% and a net margin of 17.75%. 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 business posted $1.10 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on WEC. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, Scotiabank upped their target price on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $101.88.

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.