Sumitomo Mitsui Trust Holdings Inc. Has $75.52 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 897,229 shares of the utilities provider’s stock after selling 4,871 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.28% of WEC Energy Group worth $75,520,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dearborn Partners LLC grew its holdings in WEC Energy Group by 29.2% in the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after purchasing an additional 131,797 shares during the period. Vaughan David Investments LLC IL grew its holdings in WEC Energy Group by 3.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after purchasing an additional 14,084 shares during the period. Annex Advisory Services LLC grew its holdings in WEC Energy Group by 13.8% in the third quarter. Annex Advisory Services LLC now owns 205,489 shares of the utilities provider’s stock worth $16,552,000 after purchasing an additional 24,892 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of WEC Energy Group by 2.3% in the third quarter. Great Lakes Advisors LLC now owns 44,471 shares of the utilities provider’s stock valued at $3,582,000 after buying an additional 1,010 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in shares of WEC Energy Group in the fourth quarter valued at $1,855,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

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

WEC Energy Group Stock Up 2.3 %

WEC opened at $79.61 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. The stock has a market cap 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 twelve month low of $75.13 and a twelve month high of $98.80. The company’s 50-day moving average price is $79.64 and its two-hundred day moving average price is $81.32.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, equities analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEC. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Friday, February 2nd. Barclays dropped their price objective on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. The Goldman Sachs Group began coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target 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.