Bruce & Co. Inc. Sells 564 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Bruce & Co. Inc. cut its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,945 shares of the utilities provider’s stock after selling 564 shares during the period. Bruce & Co. Inc.’s holdings in WEC Energy Group were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of WEC. Annex Advisory Services LLC raised its holdings in WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock valued at $10,405,000 after buying an additional 6,785 shares during the period. Matrix Trust Co bought a new position in WEC Energy Group during the fourth quarter valued at $1,538,000. DRW Securities LLC bought a new stake in shares of WEC Energy Group in the 3rd quarter worth about $1,392,000. Motley Fool Wealth Management LLC lifted its holdings in shares of WEC Energy Group by 51.0% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock worth $2,883,000 after acquiring an additional 10,126 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of WEC Energy Group by 20.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after purchasing an additional 78,580 shares during the period. 77.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on WEC shares. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upped their price objective on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Scotiabank increased their target price on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Finally, Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $107.83 on Friday. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $110.19. The stock’s fifty day moving average price is $102.36 and its 200-day moving average price is $98.39. The firm has a market cap of $34.06 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.60 and a beta of 0.45. 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 (NYSE:WEC) last posted its quarterly earnings results 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 business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group 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 completion of the transaction, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.