Motley Fool Wealth Management LLC Decreases Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Motley Fool Wealth Management LLC decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,217 shares of the utilities provider's stock after selling 2,761 shares during the quarter. Motley Fool Wealth Management LLC's holdings in WEC Energy Group were worth $2,567,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after buying an additional 268 shares during the last quarter. Human Investing LLC acquired a new stake in WEC Energy Group during the 4th quarter worth about $52,000. Cullen Frost Bankers Inc. raised its position in shares of WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after acquiring an additional 345 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $59,000. Institutional investors own 77.20% of the company's stock.

Analysts Set New Price Targets

WEC has been the topic of several recent analyst reports. KeyCorp boosted their price target 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 boosted 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 report on Wednesday, February 5th. Scotiabank raised their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $101.88.

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Insider Activity at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated 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 sale, the director now owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Performance

WEC opened at $109.14 on Tuesday. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. The company has a market cap of $34.47 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.60 and a beta of 0.45. The company's fifty day moving average price is $103.79 and its two-hundred day moving average price is $99.04. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion during 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 company's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. On average, analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal 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.