Russell Investments Group Ltd. Purchases 41,628 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Russell Investments Group Ltd. increased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,800 shares of the utilities provider's stock after buying an additional 41,628 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of WEC Energy Group worth $15,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in WEC Energy Group by 3,828.6% in 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. Prudent Man Investment Management Inc. bought a new stake in shares of WEC Energy Group in the fourth quarter worth $28,000. Hoey Investments Inc. acquired a new stake in WEC Energy Group in the fourth quarter valued at $42,000. Human Investing LLC bought a new position in WEC Energy Group during the 4th quarter worth $52,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in WEC Energy Group by 140.8% during 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. Institutional investors own 77.20% of the company's stock.

Insider Activity

In related news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group 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 completion of the sale, the director now owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following 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 Stock Up 0.4 %

Shares of WEC Energy Group stock traded up $0.39 during trading on Wednesday, reaching $108.65. 411,015 shares of the company traded hands, compared to its average volume of 2,373,104. The firm has a market capitalization of $34.67 billion, a PE ratio of 22.49, a P/E/G ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $111.00. The company has a 50 day moving average price of $105.50 and a 200-day moving average price of $99.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share 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 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 posted $1.10 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WEC has been the subject of several recent research reports. Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets boosted 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 assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of "Hold" and a consensus target price of $104.38.

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.