GWN Securities Inc. Makes New $256,000 Investment in WEC Energy Group, Inc. (NYSE:WEC)

GWN Securities Inc. acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,615 shares of the utilities provider’s stock, valued at approximately $256,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of WEC Energy Group by 30.6% during the fourth quarter. Harbour Investments Inc. now owns 34,171 shares of the utilities provider’s stock worth $3,213,000 after acquiring an additional 7,998 shares during the period. Pollock Investment Advisors LLC purchased a new position in shares of WEC Energy Group during the fourth quarter worth approximately $1,034,000. Choate Investment Advisors increased its position in shares of WEC Energy Group by 8.6% during the fourth quarter. Choate Investment Advisors now owns 2,747 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 218 shares during the period. Natixis Advisors LLC increased its position in shares of WEC Energy Group by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 295,607 shares of the utilities provider’s stock worth $27,799,000 after acquiring an additional 19,773 shares during the period. Finally, Frank Rimerman Advisors LLC increased its position in shares of WEC Energy Group by 29.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,023 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 919 shares during the period. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction on Monday, February 24th. The stock was 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 of the company’s stock, valued at $2,286,635.67. The trade was 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 owned by insiders.

WEC Energy Group Price Performance

Shares of WEC opened at $107.12 on Tuesday. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $101.55 and a two-hundred day moving average of $98.16.

WEC Energy Group (NYSE:WEC) last announced its 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). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. As a group, analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

WEC has been the topic of a number of research reports. 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. Scotiabank lifted 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. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.88.

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.