Kesler Norman & Wride LLC Decreases Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Kesler Norman & Wride LLC trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,921 shares of the utilities provider’s stock after selling 596 shares during the period. Kesler Norman & Wride LLC’s holdings in WEC Energy Group were worth $651,000 at the end of the most recent quarter.

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

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the 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 directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business’s 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 completion of the transaction, the director now directly owns 274,955 shares in the company, 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. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WEC. Wells Fargo & Company boosted their target price 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. 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 report on Thursday, December 12th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.88.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $108.96 on Thursday. The stock has a market cap of $34.41 billion, a PE ratio of 22.56, a price-to-earnings-growth 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 firm has a fifty day moving average price of $104.19 and a 200-day moving average price of $99.20. 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 issued its quarterly 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 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 quarter in the previous year, the company posted $1.10 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.