Schaper Benz & Wise Investment Counsel Inc. WI Has $370,000 Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,931 shares of the utilities provider’s stock after selling 200 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in WEC Energy Group were worth $370,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Amundi grew its position in WEC Energy Group by 2.6% in the fourth quarter. Amundi now owns 271,756 shares of the utilities provider’s stock valued at $25,749,000 after purchasing an additional 6,902 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of WEC Energy Group by 249.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 10,070 shares of the utilities provider’s stock worth $947,000 after buying an additional 7,187 shares during the last quarter. Larson Financial Group LLC grew 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 valued at $26,000 after acquiring an additional 268 shares in the last quarter. West Family Investments Inc. increased its position in shares of WEC Energy Group by 27.6% in the fourth quarter. West Family Investments Inc. now owns 4,153 shares of the utilities provider’s stock valued at $391,000 after acquiring an additional 898 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in WEC Energy Group by 5.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 40,165 shares of the utilities provider’s stock worth $3,777,000 after acquiring an additional 1,908 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on WEC. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” 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 raised their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, KeyCorp boosted 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 investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $2,715,500.00. Following the completion of the transaction, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

WEC Energy Group Stock Up 3.0 %

WEC stock opened at $106.89 on Friday. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $108.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45. The business’s fifty day moving average price is $100.03 and its two-hundred day moving average price is $97.54.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business earned $1.10 EPS. WEC Energy Group’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

About WEC Energy Group

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.