WEC Energy Group, Inc. (NYSE:WEC) Shares Acquired by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,411 shares of the utilities provider’s stock after purchasing an additional 562 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in WEC Energy Group were worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WEC. Massmutual Trust Co. FSB ADV lifted its position in shares of WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock worth $216,000 after buying an additional 111 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 117 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 118 shares in the last quarter. Park National Corp OH grew its holdings in shares of WEC Energy Group by 3.4% during the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 130 shares during the last quarter. Finally, Diversified Trust Co grew its stake in WEC Energy Group by 2.7% during the 1st quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock worth $419,000 after buying an additional 134 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WEC shares. Barclays boosted their price objective on WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. BMO Capital Markets increased their price target on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. KeyCorp lifted their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Scotiabank boosted their price target on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $94.00.

WEC Energy Group Price Performance

Shares of WEC opened at $98.74 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The stock’s 50 day moving average is $93.73 and its two-hundred day moving average is $85.79. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $98.93. The firm has a market capitalization of $31.21 billion, a PE ratio of 22.80, a P/E/G ratio of 2.48 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $0.92 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Joshua M. Erickson sold 350 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the transaction, the vice president now owns 2,377 shares in the company, valued at $213,335.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Anthony Reese sold 1,362 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.78, for a total value of $120,918.36. Following the completion of the transaction, the vice president now directly owns 1,462 shares of the company’s stock, valued at $129,796.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the sale, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,702 shares of company stock worth $1,078,058. Corporate insiders own 0.44% of the company’s stock.

About WEC Energy Group

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.