Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 0.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 599,237 shares of the utilities provider’s stock after selling 2,351 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WEC Energy Group were worth $56,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Marshall Financial Group LLC lifted its stake 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 worth $207,000 after purchasing an additional 100 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of WEC Energy Group by 1.9% in the 4th quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock valued at $553,000 after acquiring an additional 109 shares during the last quarter. Wealth Alliance boosted its holdings in WEC Energy Group by 0.8% during the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock valued at $1,325,000 after acquiring an additional 110 shares during the period. Advisor OS LLC grew its position in WEC Energy Group by 3.5% during the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 110 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in WEC Energy Group by 14.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 118 shares during the period. Institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the company’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 value of $2,715,500.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC opened at $107.63 on Thursday. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The company has a 50-day simple moving average of $102.10 and a two-hundred day simple moving average of $98.33. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market capitalization of $33.99 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 17.75% and a return on equity of 12.39%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. KeyCorp increased their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Scotiabank raised their target price on 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. Finally, BMO Capital Markets upped their price target 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 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.88.

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.