WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Decreased by Rathbones Group PLC

Rathbones Group PLC reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 784,021 shares of the utilities provider’s stock after selling 283 shares during the quarter. Rathbones Group PLC owned approximately 0.25% of WEC Energy Group worth $73,729,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in WEC Energy Group by 134.2% during the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock worth $1,038,931,000 after purchasing an additional 6,329,574 shares during the period. Raymond James Financial Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth about $188,879,000. JPMorgan Chase & Co. lifted its position in shares of WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock worth $462,276,000 after acquiring an additional 699,177 shares during the period. Donaldson Capital Management LLC acquired a new stake in WEC Energy Group during the fourth quarter worth $36,421,000. Finally, Federated Hermes Inc. boosted its position in shares of WEC Energy Group by 24.4% during the 4th quarter. Federated Hermes Inc. now owns 1,972,553 shares of the utilities provider’s stock valued at $185,499,000 after acquiring an additional 387,178 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WEC. BMO Capital Markets increased their price target on 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. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, Scotiabank upped their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $101.88.

Insider Activity

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

WEC Energy Group Stock Performance

Shares of WEC opened at $104.37 on Monday. The stock has a market capitalization of $33.30 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $104.53 and its two-hundred day simple moving average is $99.38. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00.

WEC Energy Group (NYSE:WEC) last issued 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). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

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.