Twin Capital Management Inc. Decreases Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Twin Capital Management Inc. lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,451 shares of the utilities provider’s stock after selling 288 shares during the period. Twin Capital Management Inc.’s holdings in WEC Energy Group were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in WEC Energy Group by 134.2% during the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock valued at $1,038,931,000 after purchasing an additional 6,329,574 shares during the period. Geode Capital Management LLC lifted its holdings in shares of WEC Energy Group by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 8,063,653 shares of the utilities provider’s stock valued at $756,423,000 after buying an additional 110,802 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after acquiring an additional 699,177 shares during the period. Invesco Ltd. increased its position in WEC Energy Group by 7.9% during the fourth quarter. Invesco Ltd. now owns 4,212,188 shares of the utilities provider’s stock valued at $396,114,000 after acquiring an additional 309,697 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in WEC Energy Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,863,782 shares of the utilities provider’s stock worth $363,350,000 after purchasing an additional 87,711 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WEC. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their target price 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. Finally, Barclays upgraded 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 report on Thursday, January 2nd. 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. Based on data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

NYSE:WEC opened at $103.11 on Tuesday. The stock has a 50-day moving average price of $104.58 and a 200 day moving average price of $99.44. 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, Inc. has a 12-month low of $77.47 and a 12-month high of $111.00. The stock has a market capitalization of $32.90 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.60 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

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 transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.