Cullen Frost Bankers Inc. Has $55,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Cullen Frost Bankers Inc. boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 140.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590 shares of the utilities provider’s stock after acquiring an additional 345 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in WEC Energy Group were worth $55,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WEC. Coastline Trust Co acquired a new stake in WEC Energy Group during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in WEC Energy Group during the 3rd quarter worth about $45,000. Human Investing LLC acquired a new stake in WEC Energy Group during the 4th quarter worth about $52,000. Bank of Jackson Hole Trust purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $59,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $61,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WEC shares. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. BMO Capital Markets raised their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. KeyCorp raised 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. Finally, Wells Fargo & Company raised their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One investment 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.88.

WEC Energy Group Stock Up 3.0 %

Shares of WEC stock opened at $106.89 on Monday. The stock’s 50 day simple moving average is $100.03 and its 200 day simple moving average is $97.58. 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 twelve month low of $77.47 and a twelve month high of $108.87. The company has a market capitalization of $33.76 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data 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). 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 during 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% on a year-over-year basis. As a group, research analysts predict 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.