Steward Partners Investment Advisory LLC Acquires 2,433 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Steward Partners Investment Advisory LLC lifted its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,852 shares of the utilities provider's stock after buying an additional 2,433 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in WEC Energy Group were worth $3,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Coastline Trust Co bought a new position in WEC Energy Group in the 3rd quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in shares of WEC Energy Group in the third quarter worth about $45,000. Human Investing LLC purchased a new stake in shares of WEC Energy Group during the fourth quarter worth about $52,000. Bank of Jackson Hole Trust bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $59,000. Finally, Kestra Investment Management LLC purchased a new position in WEC Energy Group in the 4th quarter worth approximately $61,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Trading Up 3.0 %

Shares of NYSE:WEC traded up $3.09 during trading on Friday, reaching $106.89. The company's stock had a trading volume of 3,884,535 shares, compared to its average volume of 2,281,444. The stock has a market capitalization of $33.76 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $108.87. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The firm's 50 day simple moving average is $100.03 and its two-hundred day simple moving average is $97.49.

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WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.28 billion during 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%. WEC Energy Group's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. On average, research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the 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 sale, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the transaction, the director now owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on WEC. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Scotiabank boosted their price target 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. Bank of America upgraded 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 report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. One equities 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $101.88.

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.