Marietta Wealth Management LLC acquired a new stake in shares of WEC Energy Group Inc (NYSE:WEC) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,749 shares of the utilities provider’s stock, valued at approximately $260,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cox Capital Mgt LLC raised its stake in shares of WEC Energy Group by 2.7% during the 4th quarter. Cox Capital Mgt LLC now owns 5,502 shares of the utilities provider’s stock valued at $397,000 after purchasing an additional 143 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of WEC Energy Group by 0.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,916 shares of the utilities provider’s stock valued at $1,587,000 after purchasing an additional 172 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of WEC Energy Group by 3.4% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 6,733 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 219 shares during the period. First Mercantile Trust Co. raised its stake in shares of WEC Energy Group by 68.6% during the 4th quarter. First Mercantile Trust Co. now owns 590 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 240 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its position in WEC Energy Group by 6.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,551 shares of the utilities provider’s stock worth $315,000 after buying an additional 276 shares in the last quarter. Institutional investors own 73.89% of the company’s stock.

In other news, insider Joseph Kevin Fletcher sold 72,455 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $70.65, for a total value of $5,118,945.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gale E. Klappa sold 10,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $72.48, for a total value of $724,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 319,073 shares of company stock valued at $22,864,524. 0.94% of the stock is owned by company insiders.

WEC Energy Group stock opened at $74.96 on Monday. WEC Energy Group Inc has a 52 week low of $58.48 and a 52 week high of $75.48. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market cap of $23.58 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 4.89 and a beta of 0.15.

WEC has been the subject of several recent analyst reports. ValuEngine upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Wolfe Research cut WEC Energy Group from a “market perform” rating to a “sell” rating in a research report on Friday, October 26th. Credit Suisse Group boosted their target price on WEC Energy Group from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, November 1st. Bank of America cut WEC Energy Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 1st. They noted that the move was a valuation call. Finally, Barclays boosted their target price on WEC Energy Group from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.00.

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About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, 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.

Further Reading: What is the quiet period?

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

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