Charles Schwab Investment Management Inc. Purchases 87,711 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Charles Schwab Investment Management Inc. increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,863,782 shares of the utilities provider’s stock after purchasing an additional 87,711 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.22% of WEC Energy Group worth $363,350,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WEC. Coastline Trust Co bought a new position in WEC Energy Group in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new position in WEC Energy Group during the 3rd quarter worth about $45,000. Human Investing LLC bought a new stake in WEC Energy Group during the 4th quarter worth about $52,000. Bank of Jackson Hole Trust acquired a new stake in WEC Energy Group in the 4th quarter valued at about $59,000. Finally, Kestra Investment Management LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at about $61,000. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WEC has been the topic of several research analyst reports. KeyCorp increased their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. BMO Capital Markets raised 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, Wells Fargo & Company boosted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.88.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

WEC Energy Group Trading Down 0.9 %

NYSE:WEC opened at $104.58 on Thursday. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $108.87. The business’s 50-day moving average price is $99.61 and its two-hundred day moving average price is $97.33. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results 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). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

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.