West Paces Advisors Inc. Has $395,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

West Paces Advisors Inc. decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WEC. Advisors Capital Management LLC boosted its stake in WEC Energy Group by 2.3% during the 3rd quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 108 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in WEC Energy Group by 12.1% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 114 shares during the last quarter. Portside Wealth Group LLC boosted its stake in WEC Energy Group by 1.2% during the 3rd quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider’s stock worth $837,000 after acquiring an additional 127 shares during the last quarter. Balentine LLC boosted its stake in WEC Energy Group by 2.7% during the 3rd quarter. Balentine LLC now owns 4,899 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 131 shares during the last quarter. Finally, Blossom Wealth Management boosted its stake in WEC Energy Group by 3.6% during the 3rd quarter. Blossom Wealth Management now owns 3,797 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. KeyCorp lifted their price objective 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. Wells Fargo & Company dropped their target price on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. Royal Bank of Canada dropped their target price on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Mizuho dropped their target price on shares of WEC Energy Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, December 18th. Finally, JPMorgan Chase & Co. downgraded shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $90.00 to $84.00 in a report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.31.

Insider Activity at WEC Energy Group

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

WEC Energy Group Stock Down 1.4 %

Shares of NYSE:WEC traded down $1.09 during midday trading on Tuesday, hitting $77.80. The stock had a trading volume of 1,966,858 shares, compared to its average volume of 2,176,079. 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 business’s 50-day simple moving average is $79.62 and its 200-day simple moving average is $81.35. The company has a market cap of $24.54 billion, a P/E ratio of 18.56, a PEG ratio of 2.75 and a beta of 0.40.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 4.88 earnings per share 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.