Proficio Capital Partners LLC Buys Shares of 70,209 WEC Energy Group, Inc. (NYSE:WEC)

Proficio Capital Partners LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 70,209 shares of the utilities provider's stock, valued at approximately $70,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of WEC Energy Group by 2.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 201,182 shares of the utilities provider's stock worth $19,350,000 after purchasing an additional 4,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WEC Energy Group by 1.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,176 shares of the utilities provider's stock worth $7,038,000 after buying an additional 1,367 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of WEC Energy Group by 3.2% during the third quarter. Public Sector Pension Investment Board now owns 55,222 shares of the utilities provider's stock worth $5,311,000 after buying an additional 1,700 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of WEC Energy Group in the third quarter valued at approximately $202,000. Finally, Isthmus Partners LLC acquired a new stake in shares of WEC Energy Group in the third quarter worth $282,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their target price on shares of 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. KeyCorp increased 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 note on Wednesday, December 4th. 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 report on Thursday, December 12th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $101.88.

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Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gale E. Klappa sold 25,000 shares of the business'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 completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.34% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC traded up $0.07 on Wednesday, hitting $108.96. The stock had a trading volume of 1,403,281 shares, compared to its average volume of 2,090,971. The firm's 50 day moving average price is $104.19 and its 200-day moving average price is $99.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The company has a market capitalization of $34.41 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.10 earnings per share. WEC Energy Group's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

About WEC Energy Group

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.