Flagship Wealth Advisors LLC Takes $56,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Flagship Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the fourth quarter, HoldingsChannel reports. The firm acquired 600 shares of the utilities provider’s stock, valued at approximately $56,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 268 shares in the last quarter. Coastline Trust Co purchased a new position in shares of WEC Energy Group during the third quarter valued at about $29,000. Human Investing LLC purchased a new position in shares of WEC Energy Group during the fourth quarter valued at about $52,000. Cullen Frost Bankers Inc. grew its position in shares of WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 345 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in WEC Energy Group in the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $89.00 to $93.00 in a research report 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. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted 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. One investment 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.88.

Insider Activity

In other news, 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 completion of the sale, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $29,865,612.10. This trade represents a 8.33 % 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 Stock Up 0.3 %

Shares of NYSE:WEC opened at $107.12 on Tuesday. The business has a 50 day simple moving average of $101.55 and a two-hundred day simple moving average of $98.16. 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 $110.19. The firm has a market capitalization of $33.83 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

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.