2,729 Shares in WEC Energy Group, Inc. (NYSE:WEC) Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,729 shares of the utilities provider’s stock, valued at approximately $258,000.

Several other hedge funds have also recently modified their holdings of WEC. Coastline Trust Co acquired a new position in shares of WEC Energy Group during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of WEC Energy Group during the 3rd quarter worth about $45,000. Human Investing LLC acquired a new position in shares of 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. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on WEC shares. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Barclays upgraded shares of 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 report on Thursday, January 2nd. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note 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 issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.88.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gale E. Klappa sold 25,000 shares of the 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 in the company, valued at approximately $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. 0.44% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $104.58 on Thursday. 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 stock has a market capitalization of $33.03 billion, a P/E ratio of 21.65, a PEG ratio of 2.60 and a beta of 0.45. The company has a 50 day moving average price of $99.61 and a 200 day moving average price of $97.33. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $108.87.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current 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.