South Street Advisors LLC Purchases 5,755 Shares of WEC Energy Group, Inc. (NYSE:WEC)

South Street Advisors LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,950 shares of the utilities provider's stock after buying an additional 5,755 shares during the quarter. WEC Energy Group comprises about 2.5% of South Street Advisors LLC's investment portfolio, making the stock its 16th biggest holding. South Street Advisors LLC owned about 0.05% of WEC Energy Group worth $16,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in WEC Energy Group by 3,828.6% during the fourth 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 last quarter. Coastline Trust Co purchased a new position in shares of WEC Energy Group in the third quarter worth $29,000. Human Investing LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth $52,000. Cullen Frost Bankers Inc. raised its stake in shares of 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 purchasing an additional 345 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Analysts Set New Price Targets

WEC has been the subject of several recent analyst reports. Scotiabank boosted their price target 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. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, WEC Energy Group presently has an average rating of "Hold" and an average price target of $101.88.

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WEC Energy Group Stock Performance

NYSE:WEC traded down $1.05 during mid-day trading on Friday, hitting $106.76. 5,327,031 shares of the company traded hands, compared to its average volume of 2,018,003. The stock's fifty day moving average price is $102.63 and its 200-day moving average price is $98.49. WEC Energy Group, Inc. has a one year low of $77.47 and a one 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 firm has a market cap of $33.72 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last released 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company 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 firm posted $1.10 EPS. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the company's 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 completion of the transaction, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company's stock, 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 corporate insiders.

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.