Premier Fund Managers Ltd Sells 10,000 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Premier Fund Managers Ltd cut its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,000 shares of the utilities provider's stock after selling 10,000 shares during the quarter. Premier Fund Managers Ltd's holdings in WEC Energy Group were worth $2,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC lifted its holdings in WEC Energy Group by 6.5% in the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock valued at $10,405,000 after acquiring an additional 6,785 shares during the last quarter. Matrix Trust Co acquired a new position in WEC Energy Group in the fourth quarter worth approximately $1,538,000. Motley Fool Wealth Management LLC grew its holdings in shares of WEC Energy Group by 51.0% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock worth $2,883,000 after acquiring an additional 10,126 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock valued at $42,689,000 after purchasing an additional 78,580 shares during the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $1,073,000. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Down 0.0 %

NYSE WEC traded down $0.00 during trading on Tuesday, reaching $108.98. The company's stock had a trading volume of 987,061 shares, compared to its average volume of 2,082,463. The business has a 50-day moving average price of $103.79 and a 200-day moving average price of $99.04. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. The stock has a market capitalization of $34.42 billion, a PE ratio of 22.54, a PEG ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

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WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) 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 business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on WEC. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. BMO Capital Markets lifted their target price on 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. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, Scotiabank boosted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research report on Monday, December 9th. One research 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $101.88.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated 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 transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction 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 transaction, the director now owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % 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 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.