Quantbot Technologies LP Invests $2.94 Million in WEC Energy Group, Inc. (NYSE:WEC)

Quantbot Technologies LP purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,225 shares of the utilities provider's stock, valued at approximately $2,936,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Adams Diversified Equity Fund Inc. acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $15,197,000. TD Private Client Wealth LLC lifted its holdings in shares of WEC Energy Group by 0.9% during the fourth quarter. TD Private Client Wealth LLC now owns 30,231 shares of the utilities provider's stock worth $2,843,000 after buying an additional 274 shares during the last quarter. Kiker Wealth Management LLC bought a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $398,000. Blueshift Asset Management LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter worth $218,000. Finally, Teacher Retirement System of Texas grew its stake in shares of WEC Energy Group by 39.9% in the fourth quarter. Teacher Retirement System of Texas now owns 2,959 shares of the utilities provider's stock worth $278,000 after acquiring an additional 844 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction on 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 completion of the sale, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction dated Monday, February 24th. The stock was 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 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. Corporate insiders own 0.34% of the company's stock.

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WEC Energy Group Price Performance

WEC Energy Group stock traded up $0.47 during mid-day trading on Thursday, hitting $106.27. 1,371,839 shares of the company were exchanged, compared to its average volume of 2,016,299. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. 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 business has a fifty day moving average of $103.27 and a 200 day moving average of $98.75. The company has a market capitalization of $33.56 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

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 (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on WEC. BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. KeyCorp lifted their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Barclays upgraded 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 research report on Thursday, January 2nd. Finally, Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of "Hold" and an average target price of $101.88.

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.