Ellenbecker Investment Group Purchases 922 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Ellenbecker Investment Group boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,044 shares of the utilities provider’s stock after acquiring an additional 922 shares during the period. WEC Energy Group makes up approximately 0.6% of Ellenbecker Investment Group’s holdings, making the stock its 23rd largest holding. Ellenbecker Investment Group’s holdings in WEC Energy Group were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WEC. Steward Partners Investment Advisory LLC grew its stake in shares of WEC Energy Group by 0.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,082 shares of the utilities provider’s stock valued at $2,953,000 after purchasing an additional 119 shares during the period. Almanack Investment Partners LLC. grew its stake in shares of WEC Energy Group by 2.6% in the 4th quarter. Almanack Investment Partners LLC. now owns 4,783 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 120 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of WEC Energy Group by 1.0% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 12,788 shares of the utilities provider’s stock valued at $1,176,000 after purchasing an additional 125 shares during the period. YorkBridge Wealth Partners LLC grew its stake in shares of WEC Energy Group by 2.6% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 5,262 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 132 shares during the period. Finally, FineMark National Bank & Trust grew its stake in shares of WEC Energy Group by 3.2% in the 4th quarter. FineMark National Bank & Trust now owns 4,435 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 73.05% of the company’s stock.

NYSE:WEC traded down $0.31 during trading hours on Thursday, hitting $93.11. 11,026 shares of the stock were exchanged, compared to its average volume of 1,427,480. The company’s 50 day moving average is $87.45 and its two-hundred day moving average is $92.45. WEC Energy Group, Inc. has a twelve month low of $80.55 and a twelve month high of $106.85. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $29.37 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.18.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, February 4th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts expect that WEC Energy Group, Inc. will post 3.75 EPS for the current year.

Several research firms have recently weighed in on WEC. Wells Fargo & Company upgraded WEC Energy Group from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $94.00 to $93.00 in a research note on Wednesday, March 10th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and set a $107.00 price target on the stock in a research report on Wednesday, January 13th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $94.09.

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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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