ICW Investment Advisors LLC Purchases 255 Shares of WEC Energy Group, Inc. (NYSE:WEC)

ICW Investment Advisors LLC grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,477 shares of the utilities provider’s stock after acquiring an additional 255 shares during the quarter. ICW Investment Advisors LLC’s holdings in WEC Energy Group were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Thrivent Financial for Lutherans boosted its position in shares of WEC Energy Group by 17.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 26,277 shares of the utilities provider’s stock valued at $2,527,000 after acquiring an additional 3,880 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in WEC Energy Group by 38.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 964 shares of the utilities provider’s stock valued at $93,000 after buying an additional 267 shares during the period. Raymond James Trust N.A. raised its holdings in WEC Energy Group by 41.9% during the 3rd quarter. Raymond James Trust N.A. now owns 18,054 shares of the utilities provider’s stock valued at $1,736,000 after buying an additional 5,330 shares during the period. Great Valley Advisor Group Inc. raised its holdings in WEC Energy Group by 431.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 42,228 shares of the utilities provider’s stock valued at $4,062,000 after buying an additional 34,277 shares during the period. Finally, Cerity Partners LLC raised its holdings in WEC Energy Group by 264.9% during the 3rd quarter. Cerity Partners LLC now owns 132,944 shares of the utilities provider’s stock valued at $12,787,000 after buying an additional 96,515 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 274,955 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’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 sale, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the topic of several recent research reports. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank increased their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. 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 report on Wednesday, February 5th. Finally, KeyCorp increased their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.88.

WEC Energy Group Price Performance

WEC opened at $106.76 on Monday. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $110.19. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The business’s fifty day simple moving average is $102.63 and its 200-day simple moving average is $98.55. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted 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 firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.10 EPS. WEC Energy Group’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.