6,992 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,992 shares of the utilities provider’s stock, valued at approximately $658,000.

Several other large investors have also bought and sold shares of WEC. World Investment Advisors LLC increased its position in shares of WEC Energy Group by 15.6% during the third quarter. World Investment Advisors LLC now owns 21,075 shares of the utilities provider’s stock worth $2,027,000 after buying an additional 2,845 shares during the period. Wilmington Savings Fund Society FSB grew its stake in WEC Energy Group by 238.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 12,421 shares of the utilities provider’s stock valued at $1,195,000 after acquiring an additional 8,751 shares during the period. Tidal Investments LLC increased its holdings in shares of WEC Energy Group by 3.9% during the third quarter. Tidal Investments LLC now owns 4,428 shares of the utilities provider’s stock valued at $426,000 after acquiring an additional 166 shares in the last quarter. Synovus Financial Corp raised its position in shares of WEC Energy Group by 4.7% during the third quarter. Synovus Financial Corp now owns 2,980 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 135 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of WEC Energy Group by 56.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,523 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 2,358 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

NYSE:WEC opened at $107.41 on Thursday. The company has a market capitalization of $34.27 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.60 and a beta of 0.44. The business has a fifty day simple moving average of $105.61 and a two-hundred day simple moving average of $100.02. 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, Inc. has a 1 year low of $77.47 and a 1 year high of $111.00.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. On average, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Ratings Changes

WEC has been the subject of several recent research reports. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. raised WEC Energy Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Finally, BMO Capital Markets raised their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average price target of $104.38.

Insider Transactions at WEC Energy Group

In related 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 value 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 accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction 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 directly owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.