Point72 Hong Kong Ltd purchased a new position in WEC Energy Group Inc (NYSE:WEC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,422 shares of the utilities provider’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TFO TDC LLC bought a new stake in WEC Energy Group during the 4th quarter worth approximately $29,000. Savior LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter worth $30,000. ERTS Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter worth $30,000. Ancora Advisors LLC bought a new stake in WEC Energy Group in the 4th quarter valued at $32,000. Finally, Alpha Windward LLC bought a new stake in WEC Energy Group in the 4th quarter valued at $36,000. 76.67% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of WEC Energy Group from $106.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Citigroup boosted their price target on WEC Energy Group from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Co upped their price objective on WEC Energy Group from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus reiterated a “buy” rating on shares of WEC Energy Group in a report on Tuesday, January 14th. Finally, Barclays decreased their price objective on WEC Energy Group from $97.00 to $74.00 and set an “underweight” rating for the company in a report on Thursday. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $86.82.

In other WEC Energy Group news, insider Tom Metcalfe sold 8,835 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $102.07, for a total value of $901,788.45. Following the completion of the sale, the insider now owns 14,069 shares in the company, valued at $1,436,022.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Garvin sold 33,910 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $102.58, for a total transaction of $3,478,487.80. Following the completion of the sale, the executive vice president now owns 43,439 shares of the company’s stock, valued at approximately $4,455,972.62. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Shares of NYSE WEC traded up $6.03 during mid-day trading on Thursday, hitting $86.77. The company had a trading volume of 2,131,452 shares, compared to its average volume of 2,064,481. The company has a market capitalization of $25.30 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.45 and a beta of 0.16. The firm has a 50-day simple moving average of $97.44 and a two-hundred day simple moving average of $93.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 1.10. WEC Energy Group Inc has a one year low of $68.01 and a one year high of $109.53.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.20 billion. WEC Energy Group had a return on equity of 11.18% and a net margin of 15.08%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts expect that WEC Energy Group Inc will post 3.74 earnings per share for the current fiscal year.

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.

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

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