WEC Energy Group, Inc. (NYSE:WEC) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its stake in WEC Energy Group, Inc. (NYSE:WEC) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,165 shares of the utilities provider’s stock after purchasing an additional 1,908 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in WEC Energy Group were worth $3,777,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Coastline Trust Co purchased a new stake in WEC Energy Group during the third quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of WEC Energy Group in the 3rd quarter valued at about $45,000. Human Investing LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $52,000. Cullen Frost Bankers Inc. increased its position in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 345 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in WEC Energy Group in the fourth quarter valued at approximately $59,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Scotiabank raised their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. BMO Capital Markets upped their target price on 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. Finally, Bank of America upgraded 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 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.88.

WEC Energy Group Trading Up 3.0 %

NYSE:WEC opened at $106.89 on Friday. The stock has a market cap of $33.76 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $108.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The business’s 50-day simple moving average is $100.03 and its 200 day simple moving average is $97.49.

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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 transaction, the director now owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

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.