Orion Portfolio Solutions LLC Has $4.76 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Orion Portfolio Solutions LLC lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,629 shares of the utilities provider’s stock after acquiring an additional 2,492 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in WEC Energy Group were worth $4,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in WEC Energy Group by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 201,182 shares of the utilities provider’s stock valued at $19,350,000 after purchasing an additional 4,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WEC Energy Group by 1.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,176 shares of the utilities provider’s stock valued at $7,038,000 after buying an additional 1,367 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of WEC Energy Group by 3.2% in the third quarter. Public Sector Pension Investment Board now owns 55,222 shares of the utilities provider’s stock valued at $5,311,000 after purchasing an additional 1,700 shares during the last quarter. Financial Counselors Inc. acquired a new stake in WEC Energy Group in the 3rd quarter valued at approximately $202,000. Finally, Captrust Financial Advisors increased its position in WEC Energy Group by 11.5% during the third quarter. Captrust Financial Advisors now owns 24,957 shares of the utilities provider’s stock worth $2,400,000 after acquiring an additional 2,583 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was 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 in the company, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on WEC. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Up 1.2 %

Shares of NYSE:WEC opened at $107.50 on Monday. The company has a 50 day moving average of $103.59 and a 200-day moving average of $98.94. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

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

About WEC Energy Group

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.