WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,305 shares of the utilities provider’s stock after purchasing an additional 388 shares during the quarter. Wedbush Securities Inc.’s holdings in WEC Energy Group were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Marshall Financial Group LLC increased its position in WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 100 shares during the period. Horizon Investments LLC increased its holdings in shares of WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock valued at $553,000 after purchasing an additional 109 shares during the period. Wealth Alliance raised its stake in shares of WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock valued at $1,325,000 after purchasing an additional 110 shares in the last quarter. Advisor OS LLC lifted its holdings in WEC Energy Group by 3.5% in the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 110 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in WEC Energy Group by 14.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock valued at $86,000 after buying an additional 118 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Down 3.8 %

Shares of WEC Energy Group stock opened at $104.37 on Friday. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00. The firm has a market capitalization of $33.30 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. 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 stock’s fifty day moving average is $104.53 and its 200-day moving average is $99.35.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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 company had revenue of $2.28 billion for 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%. WEC Energy Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WEC. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Scotiabank upped their target price 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. 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 research report on Wednesday, February 5th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Bank of America upgraded shares of 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. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.88.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 25,000 shares of the 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 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 WEC Energy Group stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.