WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 98,540.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,932 shares of the utilities provider's stock after buying an additional 4,927 shares during the quarter. AlphaQuest LLC's holdings in WEC Energy Group were worth $464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its holdings in WEC Energy Group by 106,685.0% in the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock valued at $2,500,680,000 after purchasing an additional 25,975,652 shares during the period. Wellington Management Group LLP lifted its position in shares of WEC Energy Group by 17,270.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider's stock valued at $453,794,000 after buying an additional 4,691,017 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WEC Energy Group in the 4th quarter valued at $188,879,000. Charles Schwab Investment Management Inc. increased its holdings in WEC Energy Group by 102.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider's stock worth $362,971,000 after acquiring an additional 1,912,223 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in WEC Energy Group by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after acquiring an additional 699,177 shares during the period. Hedge funds and other institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. BMO Capital Markets raised their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Scotiabank boosted their price target 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. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. One investment 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. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and an average price target of $101.88.

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WEC Energy Group Trading Up 0.2 %

Shares of NYSE WEC opened at $104.97 on Friday. The stock has a fifty day simple moving average of $100.99 and a 200-day simple moving average of $97.89. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. 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 stock has a market capitalization of $33.15 billion, a PE ratio of 21.73, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). The business 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 firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, equities analysts forecast 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 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 transaction of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $104.17, for a total transaction 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 represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

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.

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