WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,683,998 shares of the utilities provider's stock after selling 74,068 shares during the period. Vanguard Group Inc. owned approximately 12.54% of WEC Energy Group worth $3,731,883,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in shares of WEC Energy Group by 17.3% in the third quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider's stock valued at $2,527,000 after buying an additional 3,880 shares in the last quarter. Cerity Partners LLC grew its stake in WEC Energy Group by 264.9% in the 3rd quarter. Cerity Partners LLC now owns 132,944 shares of the utilities provider's stock valued at $12,787,000 after acquiring an additional 96,515 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in WEC Energy Group by 11.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 38,499 shares of the utilities provider's stock valued at $3,703,000 after acquiring an additional 3,980 shares in the last quarter. DRW Securities LLC acquired a new position in WEC Energy Group during the third quarter worth about $1,392,000. Finally, Private Trust Co. NA lifted its holdings in shares of WEC Energy Group by 2.9% in the third quarter. Private Trust Co. NA now owns 5,389 shares of the utilities provider's stock valued at $518,000 after purchasing an additional 152 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

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WEC Energy Group Trading Up 1.2 %

WEC traded up $1.28 during midday trading on Friday, hitting $107.50. The company's stock had a trading volume of 1,714,390 shares, compared to its average volume of 2,084,743. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $110.19. The firm has a 50-day moving average price of $103.59 and a two-hundred day moving average price of $98.89. 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 has a market cap of $33.95 billion, a P/E ratio of 22.26, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 transaction of $2,715,500.00. Following the completion of the sale, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm'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 owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

WEC has been the subject of a number of recent research reports. Barclays raised shares of 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 note on Thursday, January 2nd. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, 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 report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $101.88.

WEC Energy Group Company 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.