Haverford Trust Co Trims Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Haverford Trust Co decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,742 shares of the utilities provider’s stock after selling 99 shares during the quarter. Haverford Trust Co’s holdings in WEC Energy Group were worth $446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEC. Marshall Financial Group LLC lifted its holdings in WEC Energy Group by 4.8% in the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 100 shares during the period. Horizon Investments LLC boosted its holdings in WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock worth $553,000 after buying an additional 109 shares in the last quarter. Wealth Alliance grew its position in WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock valued at $1,325,000 after buying an additional 110 shares during the period. Advisor OS LLC increased its holdings in WEC Energy Group by 3.5% in the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock valued at $303,000 after buying an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of WEC Energy Group by 14.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 118 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.4 %

Shares of WEC stock opened at $104.32 on Wednesday. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The firm has a market capitalization of $32.95 billion, a P/E ratio of 21.60, a PEG ratio of 2.60 and a beta of 0.45. The stock’s fifty day moving average is $103.06 and its two-hundred day moving average is $98.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

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 return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction 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 transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the transaction, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was 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.

Wall Street Analysts Forecast Growth

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