WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 881,601 shares of the utilities provider’s stock after selling 3,159 shares during the period. Sei Investments Co. owned 0.28% of WEC Energy Group worth $82,905,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC boosted its stake in shares of WEC Energy Group by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 29,983 shares of the utilities provider’s stock worth $2,820,000 after purchasing an additional 9,487 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of WEC Energy Group during the 4th quarter worth about $2,936,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of WEC Energy Group during the 4th quarter worth about $15,197,000. TD Private Client Wealth LLC boosted its position in shares of WEC Energy Group by 0.9% in the fourth quarter. TD Private Client Wealth LLC now owns 30,231 shares of the utilities provider’s stock worth $2,843,000 after acquiring an additional 274 shares during the last quarter. Finally, Kiker Wealth Management LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter worth approximately $398,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.0 %

NYSE WEC opened at $106.76 on Friday. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The company’s 50 day moving average price is $102.63 and its 200 day moving average price is $98.52. 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 firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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). The firm 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 for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

WEC has been the topic of several research analyst reports. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average price target of $101.88.

Insider Activity

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group 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 sale, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

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.