Strs Ohio Sells 1,582 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Strs Ohio trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,201 shares of the utilities provider’s stock after selling 1,582 shares during the quarter. Strs Ohio’s holdings in WEC Energy Group were worth $7,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Capital Management LLC grew its position in WEC Energy Group by 2.3% during the 3rd quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 108 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in shares of WEC Energy Group by 12.1% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock worth $99,000 after buying an additional 114 shares during the last quarter. Portside Wealth Group LLC grew its position in shares of WEC Energy Group by 1.2% in the 3rd quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider’s stock worth $837,000 after buying an additional 127 shares during the last quarter. Balentine LLC grew its position in shares of WEC Energy Group by 2.7% in the 3rd quarter. Balentine LLC now owns 4,899 shares of the utilities provider’s stock worth $395,000 after buying an additional 131 shares during the last quarter. Finally, Blossom Wealth Management grew its position in shares of WEC Energy Group by 3.6% in the 3rd quarter. Blossom Wealth Management now owns 3,797 shares of the utilities provider’s stock worth $306,000 after buying an additional 132 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the completion of the transaction, the chief executive officer now owns 43,125 shares in the company, valued at $3,402,131.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Scott J. Lauber sold 2,830 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the transaction, the chief executive officer now owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gale E. Klappa sold 37,180 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the completion of the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

WEC Energy Group Stock Up 2.3 %

Shares of NYSE:WEC opened at $79.61 on Thursday. The stock has a fifty day simple moving average of $79.64 and a two-hundred day simple moving average of $81.32. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.71 and a beta of 0.40. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $98.80. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.29.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, research analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America reiterated an “underperform” rating and issued a $78.00 price objective (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Royal Bank of Canada cut their price objective on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Barclays dropped their price target on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group began coverage on WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average target price of $86.31.

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.