WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,427 shares of the utilities provider's stock after buying an additional 7,884 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of WEC Energy Group worth $25,619,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Marshall Financial Group LLC raised its stake in shares of WEC Energy Group by 4.8% in the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider's stock valued at $207,000 after acquiring an additional 100 shares during the period. Horizon Investments LLC lifted its position in shares of WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider's stock worth $553,000 after purchasing an additional 109 shares during the last quarter. Wealth Alliance grew its holdings in shares of WEC Energy Group by 0.8% in the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider's stock worth $1,325,000 after purchasing an additional 110 shares during the last quarter. Advisor OS LLC increased its stake in WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider's stock worth $303,000 after buying an additional 110 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in WEC Energy Group by 14.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider's stock valued at $86,000 after buying an additional 118 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on WEC. StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. KeyCorp raised their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Scotiabank raised their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research note on Monday, December 9th. Finally, Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $101.88.

WEC Energy Group Stock Down 0.1 %

Shares of WEC stock traded down $0.12 during trading hours on Tuesday, reaching $108.86. 2,171,566 shares of the company's stock were exchanged, compared to its average volume of 2,090,402. 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 company has a market cap of $34.38 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The stock's 50 day moving average is $103.96 and its 200-day moving average is $99.13.

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

Insider Buying and Selling

In other news, 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 transaction of $2,715,500.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm's stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

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.