Sei Investments Co. Has $82.91 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

Sei Investments Co. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 881,601 shares of the utilities provider's stock after selling 3,159 shares during the quarter. Sei Investments Co. owned about 0.28% of WEC Energy Group worth $82,905,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WEC. Thrivent Financial for Lutherans lifted its position in shares of WEC Energy Group by 17.3% in the third quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider's stock valued at $2,527,000 after acquiring an additional 3,880 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of WEC Energy Group by 38.3% during the third quarter. First Horizon Advisors Inc. now owns 964 shares of the utilities provider's stock worth $93,000 after buying an additional 267 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of WEC Energy Group by 13.3% in the third quarter. Moors & Cabot Inc. now owns 5,331 shares of the utilities provider's stock valued at $513,000 after buying an additional 627 shares during the last quarter. Trustmark National Bank Trust Department purchased a new position in shares of WEC Energy Group during the third quarter valued at approximately $202,000. Finally, Charles Schwab Investment Management Inc. boosted its position in WEC Energy Group by 102.6% during the third 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 during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have commented on WEC shares. KeyCorp upped their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. BMO Capital Markets upped 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 research note on Wednesday, February 5th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $101.88.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, 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 of the company's stock, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock traded up $0.47 during trading on Thursday, hitting $106.27. 1,371,839 shares of the company's stock traded hands, compared to its average volume of 2,016,299. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The company has a market cap of $33.56 billion, a PE ratio of 22.00, a PEG ratio of 2.60 and a beta of 0.45. The firm's fifty day moving average price is $103.27 and its 200 day moving average price is $98.75.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. Analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share 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.