Jones Financial Companies Lllp Buys 3,181 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Jones Financial Companies Lllp increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 41.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,872 shares of the utilities provider's stock after purchasing an additional 3,181 shares during the period. Jones Financial Companies Lllp's holdings in WEC Energy Group were worth $1,022,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WEC. Mizuho Securities USA LLC lifted its holdings in shares of WEC Energy Group by 106,685.0% during the third quarter. Mizuho Securities USA LLC now owns 26,000,000 shares of the utilities provider's stock worth $2,500,680,000 after buying an additional 25,975,652 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 purchasing an additional 4,691,017 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $362,971,000 after purchasing an additional 1,912,223 shares during the period. JPMorgan Chase & Co. grew its position in WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock worth $462,276,000 after purchasing an additional 699,177 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of WEC Energy Group by 57.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,238 shares of the utilities provider's stock worth $182,765,000 after purchasing an additional 695,317 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WEC. KeyCorp increased their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their price objective 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. StockNews.com cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their target price 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. Finally, Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $101.88.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the 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 sale, the director now directly owns 21,951 shares in the company, 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. Insiders own 0.44% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE WEC traded up $3.09 during midday trading on Friday, reaching $106.89. 3,884,535 shares of the company traded hands, compared to its average volume of 2,281,444. The stock's 50-day simple moving average is $100.03 and its 200-day simple moving average is $97.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $108.87. The firm has a market cap of $33.76 billion, a PE ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced 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 firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group 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.