Elo Mutual Pension Insurance Co Buys New Stake in WEC Energy Group, Inc. (NYSE:WEC)

Elo Mutual Pension Insurance Co acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,432 shares of the utilities provider’s stock, valued at approximately $3,050,000.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after buying an additional 268 shares during the period. Human Investing LLC purchased a new stake in WEC Energy Group during the fourth quarter valued at approximately $52,000. Cullen Frost Bankers Inc. grew its holdings in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 345 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter valued at $56,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of WEC Energy Group in the 4th quarter worth $59,000. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were 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 approximately $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

WEC Energy Group Trading Up 1.2 %

WEC opened at $107.50 on Friday. The firm has a market capitalization of $33.95 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company’s 50 day simple moving average is $103.59 and its two-hundred day simple moving average is $98.89. 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 released its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share 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 company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

WEC has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Scotiabank upped their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, KeyCorp lifted their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.