WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,524 shares of the utilities provider's stock after selling 142,038 shares during the quarter. Korea Investment CORP owned about 0.09% of WEC Energy Group worth $27,415,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Human Investing LLC purchased a new stake in shares of WEC Energy Group during the fourth quarter worth about $52,000. Cullen Frost Bankers Inc. raised its position in shares of WEC Energy Group by 140.8% in the fourth 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 acquired a new position in shares of WEC Energy Group in the fourth quarter valued at approximately $56,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of WEC Energy Group during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $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. 0.34% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several analysts have commented on WEC shares. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp upped their target price on 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 lifted their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Finally, StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $101.88.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $0.29 on Wednesday, reaching $108.61. 370,834 shares of the company's stock were exchanged, compared to its average volume of 2,313,026. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The business's 50-day moving average is $103.96 and its two-hundred day moving average is $99.13. 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 firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 22.48, 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 analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current 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.