Natixis Advisors L.P. lowered its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,729 shares of the utilities provider’s stock after selling 1,218 shares during the quarter. Natixis Advisors L.P.’s holdings in WEC Energy Group were worth $5,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $30,000. Essex Investment Management Co. LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $30,000. Oregon Public Employees Retirement Fund raised its position in WEC Energy Group by 6,740.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock valued at $34,000 after buying an additional 2,325,262 shares during the last quarter. Gantzert Investment Co. LLC ADV acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $35,000. Finally, Mondrian Investment Partners LTD acquired a new stake in WEC Energy Group in the 4th quarter valued at approximately $41,000. 74.81% of the stock is currently owned by institutional investors.

WEC stock opened at $78.88 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 5.02 and a beta of 0.15. WEC Energy Group Inc has a twelve month low of $58.48 and a twelve month high of $78.88.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.96 billion. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. On average, research analysts predict that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

In other news, insider Tom Metcalfe sold 13,675 shares of WEC Energy Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.72, for a total transaction of $1,035,471.00. Following the completion of the transaction, the insider now directly owns 20,304 shares in the company, valued at approximately $1,537,418.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gale E. Klappa sold 49,526 shares of WEC Energy Group stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.94, for a total value of $3,711,478.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 456,668 shares of company stock valued at $34,330,208. Corporate insiders own 0.94% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Argus lifted their target price on WEC Energy Group to $85.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group lifted their target price on WEC Energy Group from $71.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Wells Fargo & Co lifted their target price on WEC Energy Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Finally, Barclays lifted their target price on WEC Energy Group from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $74.11.

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WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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