Citizens Financial Group Inc. RI Has $788,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Citizens Financial Group Inc. RI raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,384 shares of the utilities provider’s stock after purchasing an additional 2,298 shares during the period. Citizens Financial Group Inc. RI’s holdings in WEC Energy Group were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 268 shares during the period. Coastline Trust Co acquired a new position in WEC Energy Group during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in WEC Energy Group during the 3rd quarter valued at about $45,000. Human Investing LLC acquired a new position in WEC Energy Group during the 4th quarter valued at about $52,000. Finally, Cullen Frost Bankers Inc. lifted its position in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 345 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Scotiabank upped their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets upped their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.88.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction 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. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

WEC Energy Group Price Performance

NYSE WEC opened at $104.72 on Thursday. The business has a 50 day simple moving average of $100.77 and a 200 day simple moving average of $97.84. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $110.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The stock has a market cap of $33.07 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.10 earnings per share. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal 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.