Silverleafe Capital Partners LLC Purchases Shares of 3,128 WEC Energy Group Inc (NYSE:WEC)

Silverleafe Capital Partners LLC purchased a new stake in WEC Energy Group Inc (NYSE:WEC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,128 shares of the utilities provider’s stock, valued at approximately $297,000.

Other institutional investors also recently modified their holdings of the company. First Allied Advisory Services Inc. lifted its holdings in shares of WEC Energy Group by 2.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 4,734 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 112 shares during the period. 6 Meridian lifted its holdings in shares of WEC Energy Group by 1.8% during the 2nd quarter. 6 Meridian now owns 6,829 shares of the utilities provider’s stock worth $569,000 after acquiring an additional 123 shares during the period. Carroll Financial Associates Inc. lifted its holdings in shares of WEC Energy Group by 5.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,345 shares of the utilities provider’s stock worth $195,000 after acquiring an additional 125 shares during the period. Front Row Advisors LLC lifted its holdings in shares of WEC Energy Group by 53.8% during the 2nd quarter. Front Row Advisors LLC now owns 366 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 128 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of WEC Energy Group by 1.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,026 shares of the utilities provider’s stock worth $714,000 after acquiring an additional 130 shares during the period. 76.89% of the stock is owned by hedge funds and other institutional investors.

WEC stock traded up $1.36 during trading on Friday, hitting $96.17. 47,248 shares of the stock traded hands, compared to its average volume of 1,923,026. WEC Energy Group Inc has a one year low of $66.16 and a one year high of $98.19. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 4.38 and a beta of 0.03. The company has a 50 day simple moving average of $93.43 and a 200 day simple moving average of $84.84. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. WEC Energy Group had a net margin of 14.24% and a return on equity of 11.00%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, analysts predict that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

A number of research firms have recently commented on WEC. Zacks Investment Research raised shares of WEC Energy Group from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Monday, September 16th. ValuEngine downgraded shares of WEC Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded shares of WEC Energy Group from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $82.00 to $85.00 in a report on Monday, June 24th. Wells Fargo & Co lifted their price target on shares of WEC Energy Group from $93.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Finally, Guggenheim downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $84.60.

In related news, Director Curt S. Culver acquired 367 shares of the stock in a transaction on Tuesday, July 9th. The stock was purchased at an average price of $85.30 per share, for a total transaction of $31,305.10. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott J. Lauber sold 7,560 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $88.38, for a total transaction of $668,152.80. The disclosure for this sale can be found here. Insiders have sold a total of 246,040 shares of company stock valued at $22,979,862 over the last three months. 0.75% of the stock is currently owned by insiders.

WEC Energy Group Company Profile

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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