Whittier Trust Co. Sells 683 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Whittier Trust Co. decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 65.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 359 shares of the utilities provider’s stock after selling 683 shares during the period. Whittier Trust Co.’s holdings in WEC Energy Group were worth $34,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WEC. Marshall Financial Group LLC raised its holdings in WEC Energy Group by 4.8% during the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after buying an additional 100 shares during the period. Horizon Investments LLC raised its holdings in shares of WEC Energy Group by 1.9% during the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock worth $553,000 after acquiring an additional 109 shares during the period. Wealth Alliance raised its holdings in shares of WEC Energy Group by 0.8% during 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 lifted its position in WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock valued at $303,000 after acquiring an additional 110 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in WEC Energy Group by 14.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 916 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 118 shares during the period. Institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WEC shares. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank boosted their target price on 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 research note on Thursday, February 6th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, KeyCorp raised their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.88.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $105.85 on Tuesday. The company has a fifty day moving average price of $102.87 and a two-hundred day moving average price of $98.63. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The stock has a market cap of $33.43 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.60 and a beta of 0.45. 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 posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the company’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 transaction, the director now owns 21,951 shares in the company, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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.