Securian Asset Management Inc. Sells 459 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Securian Asset Management Inc. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 17,001 shares of the utilities provider’s stock after selling 459 shares during the quarter. Securian Asset Management Inc.’s holdings in WEC Energy Group were worth $1,599,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Marshall Financial Group LLC grew its holdings in shares of WEC Energy Group by 4.8% during the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance grew 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 purchasing an additional 110 shares during the last quarter. Advisor OS LLC grew its holdings in shares of WEC Energy Group by 3.5% during the fourth quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 110 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of WEC Energy Group by 14.8% during the fourth 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 last quarter. Finally, Tsfg LLC grew its holdings in shares of WEC Energy Group by 4.6% during the fourth quarter. Tsfg LLC now owns 2,699 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 119 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Trading Up 0.2 %

NYSE:WEC opened at $104.97 on Friday. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19. The business’s 50-day moving average price is $100.99 and its two-hundred day moving average price is $97.89. 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 firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.60 and a beta of 0.45.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on WEC. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upped their price target on 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 raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. BMO Capital Markets upped their price target on 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. Finally, KeyCorp upped their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $101.88.

Insiders Place Their Bets

In other WEC Energy Group news, 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of 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. Corporate insiders own 0.34% of the company’s stock.

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.