WEC Energy Group, Inc. (NYSE:WEC) Shares Sold by West Paces Advisors Inc.

West Paces Advisors Inc. cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the utilities provider’s stock after selling 473 shares during the quarter. West Paces Advisors Inc.’s holdings in WEC Energy Group were worth $395,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its position in shares of WEC Energy Group by 1.0% in the first quarter. Geode Capital Management LLC now owns 6,805,548 shares of the utilities provider’s stock valued at $643,696,000 after purchasing an additional 69,710 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of WEC Energy Group by 3.0% during the third quarter. Deutsche Bank AG now owns 5,495,925 shares of the utilities provider’s stock valued at $442,697,000 after buying an additional 158,652 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of WEC Energy Group by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 4,295,729 shares of the utilities provider’s stock valued at $346,021,000 after buying an additional 142,412 shares during the period. Invesco Ltd. lifted its stake in shares of WEC Energy Group by 3.8% during the third quarter. Invesco Ltd. now owns 4,216,264 shares of the utilities provider’s stock valued at $339,620,000 after buying an additional 155,437 shares during the period. Finally, Morgan Stanley lifted its stake in shares of WEC Energy Group by 1.4% during the third quarter. Morgan Stanley now owns 3,354,181 shares of the utilities provider’s stock valued at $270,179,000 after buying an additional 44,797 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WEC shares. The Goldman Sachs Group started coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $90.00 to $84.00 in a research note on Friday, February 2nd. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Barclays cut their price target on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. Finally, KeyCorp increased their price target on shares of WEC Energy Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $86.31.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gale E. Klappa sold 37,180 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

WEC Energy Group Trading Down 1.4 %

Shares of WEC stock traded down $1.09 during mid-day trading on Tuesday, reaching $77.80. The company’s stock had a trading volume of 1,966,858 shares, compared to its average volume of 2,176,079. The company’s 50 day simple moving average is $79.62 and its 200-day simple moving average is $81.35. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $98.80. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $24.54 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, research analysts predict that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal 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.