NEOS Investment Management LLC Buys 3,728 Shares of WEC Energy Group, Inc. (NYSE:WEC)

NEOS Investment Management LLC lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,292 shares of the utilities provider’s stock after purchasing an additional 3,728 shares during the period. NEOS Investment Management LLC’s holdings in WEC Energy Group were worth $1,532,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Annex Advisory Services LLC raised its stake in shares of WEC Energy Group by 6.5% in the fourth quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock valued at $10,405,000 after buying an additional 6,785 shares during the period. Matrix Trust Co bought a new stake in WEC Energy Group in the 4th quarter valued at about $1,538,000. Motley Fool Wealth Management LLC lifted its holdings in WEC Energy Group by 51.0% during the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock valued at $2,883,000 after purchasing an additional 10,126 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after purchasing an additional 78,580 shares during the period. Finally, PFW Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $1,073,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $107.50 on Friday. The stock’s 50-day simple moving average is $103.59 and its two-hundred day simple moving average is $98.92. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The firm has a market capitalization of $33.95 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its 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). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on WEC. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. KeyCorp increased their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, 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 report on Wednesday, February 5th. One research 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 stock has an average rating of “Hold” and a consensus price target of $101.88.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction dated 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 $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group 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 sale, the director now directly 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. 0.34% of the stock is currently 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.