UniSuper Management Pty Ltd Increases Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

UniSuper Management Pty Ltd lifted its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,027 shares of the utilities provider's stock after purchasing an additional 5,959 shares during the quarter. UniSuper Management Pty Ltd's holdings in WEC Energy Group were worth $2,918,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares during the period. Human Investing LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth about $52,000. Cullen Frost Bankers Inc. increased its stake in WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after buying an additional 345 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in WEC Energy Group in the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust bought a new position in WEC Energy Group in the 4th quarter worth about $59,000. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Trading Down 0.2 %

NYSE:WEC traded down $0.18 on Wednesday, reaching $108.71. 842,223 shares of the company's stock were exchanged, compared to its average volume of 2,085,745. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $110.19. The business has a fifty day moving average of $103.96 and a 200-day moving average of $99.13. The firm has a market capitalization of $34.33 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

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WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. As a group, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WEC. Wells Fargo & Company boosted 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. Scotiabank increased their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. KeyCorp boosted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, Barclays upgraded shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and an average target price of $101.88.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 transaction of $2,715,500.00. Following the completion of the sale, the director now directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was 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.

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.