Clearbridge Investments LLC Has $134.94 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Clearbridge Investments LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,434,886 shares of the utilities provider's stock after purchasing an additional 44,722 shares during the period. Clearbridge Investments LLC owned about 0.45% of WEC Energy Group worth $134,937,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its position 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 worth $26,000 after acquiring an additional 268 shares during the last quarter. Human Investing LLC purchased a new stake in WEC Energy Group during the 4th quarter worth $52,000. Cullen Frost Bankers Inc. boosted its position 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 valued at $55,000 after buying an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of WEC Energy Group during the 4th quarter valued at approximately $56,000. Finally, Bank of Jackson Hole Trust acquired a new position in WEC Energy Group during the 4th quarter worth $59,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in 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. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. BMO Capital Markets increased 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. Scotiabank boosted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. Finally, KeyCorp boosted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One equities research 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. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of "Hold" and an average price target of $101.88.

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WEC Energy Group Stock Up 0.1 %

Shares of WEC Energy Group stock traded up $0.07 during midday trading on Wednesday, hitting $108.96. The company's stock had a trading volume of 1,403,281 shares, compared to its average volume of 2,087,676. The firm has a market capitalization of $34.41 billion, a P/E ratio of 22.56, a PEG ratio of 2.60 and a beta of 0.45. 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 stock has a 50-day simple moving average of $103.96 and a 200-day simple moving average of $99.13.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.10 EPS. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now owns 21,951 shares of the company's stock, valued at $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. Company insiders own 0.34% of the company's stock.

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.