300 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Prudent Man Investment Management Inc.

Prudent Man Investment Management Inc. purchased a new position 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 firm purchased 300 shares of the utilities provider’s stock, valued at approximately $28,000.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in WEC Energy Group by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 201,182 shares of the utilities provider’s stock valued at $19,350,000 after buying an additional 4,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WEC Energy Group by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,176 shares of the utilities provider’s stock valued at $7,038,000 after purchasing an additional 1,367 shares during the period. Public Sector Pension Investment Board raised its stake in shares of WEC Energy Group by 3.2% in the third quarter. Public Sector Pension Investment Board now owns 55,222 shares of the utilities provider’s stock valued at $5,311,000 after buying an additional 1,700 shares during the period. Financial Counselors Inc. purchased a new position in shares of WEC Energy Group during the 3rd quarter valued at $202,000. Finally, Captrust Financial Advisors grew its stake in shares of WEC Energy Group by 11.5% during the 3rd quarter. Captrust Financial Advisors now owns 24,957 shares of the utilities provider’s stock worth $2,400,000 after acquiring an additional 2,583 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 1.2 %

NYSE:WEC opened at $107.50 on Monday. The company’s fifty day moving average price is $103.59 and its 200-day moving average price is $98.94. The firm has a market capitalization of $33.95 billion, a P/E ratio of 22.26, a PEG ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. 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 (NYSE:WEC) last announced its earnings results 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 net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business earned $1.10 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WEC shares. BMO Capital Markets increased their target price on shares of 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. Wells Fargo & Company boosted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Scotiabank increased their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. KeyCorp boosted their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.88.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 25,000 shares of the company’s 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 transaction, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

About WEC Energy Group

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.