US Bancorp DE Sells 13,793 Shares of WEC Energy Group, Inc. (NYSE:WEC)

US Bancorp DE lowered its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,766 shares of the utilities provider's stock after selling 13,793 shares during the quarter. US Bancorp DE owned 0.11% of WEC Energy Group worth $32,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WEC. Coastline Trust Co acquired a new stake in WEC Energy Group in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in WEC Energy Group in the 3rd quarter valued at approximately $45,000. Human Investing LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $52,000. Bank of Jackson Hole Trust acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $59,000. Finally, Kestra Investment Management LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the business'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 completion of the transaction, the director now owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the business'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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

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Analyst Upgrades and Downgrades

WEC has been the topic of a number of recent research reports. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $101.88.

WEC Energy Group Stock Performance

WEC traded down $0.83 during trading on Thursday, hitting $103.64. The stock had a trading volume of 1,260,488 shares, compared to its average volume of 2,211,054. The company has a 50 day moving average price of $99.61 and a 200-day moving average price of $97.33. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $108.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC - Get Free Report) last released 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 during 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 business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Company 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.