Sound View Wealth Advisors Group LLC Buys 200 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Sound View Wealth Advisors Group LLC lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,888 shares of the utilities provider’s stock after purchasing an additional 200 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in WEC Energy Group were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Marshall Financial Group LLC raised its stake in shares of WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 100 shares during the period. Wealth Alliance increased its stake in WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after acquiring an additional 110 shares during the last quarter. Advisor OS LLC increased its stake in WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 110 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake 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 worth $86,000 after acquiring an additional 118 shares during the last quarter. Finally, Tsfg LLC increased its stake in WEC Energy Group by 4.6% in the 4th quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 119 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Activity at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 directly owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $119,795.50. Following the sale, the director now owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $106.89 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $33.76 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The business’s 50-day moving average price is $100.03 and its 200-day moving average price is $97.58. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $108.87.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share 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 analysts’ expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. KeyCorp upped their target price 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. BMO Capital Markets upped their target price 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. Wells Fargo & Company upped their target price 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. Finally, StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note 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 stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $101.88.

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.