WEC Energy Group, Inc. $WEC Stock Holdings Trimmed by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd reduced its holdings in WEC Energy Group by 11.4%, selling 37,707 shares and owning approximately 0.09% of the company worth $30,562,000 as of its latest SEC filing.
• Multiple hedge funds have adjusted their stakes in WEC Energy Group, with some increasing their positions, indicating a mixed sentiment among institutional investors in the company.
• WEC Energy Group's stock recently opened at $117.28 and has a market capitalization of $37.75 billion, while average analyst ratings suggest a "Hold" with a target price of $113.60.

Aware Super Pty Ltd as trustee of Aware Super lowered its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 11.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,300 shares of the utilities provider's stock after selling 37,707 shares during the period. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.09% of WEC Energy Group worth $30,562,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its position in WEC Energy Group by 1.6% during the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider's stock valued at $595,000 after purchasing an additional 92 shares during the last quarter. Manchester Capital Management LLC boosted its position in WEC Energy Group by 14.3% during the first quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 93 shares during the last quarter. Liberty Capital Management Inc. boosted its position in WEC Energy Group by 3.8% during the second quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider's stock valued at $276,000 after purchasing an additional 97 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in WEC Energy Group by 3.0% during the first quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider's stock valued at $363,000 after purchasing an additional 98 shares during the last quarter. Finally, Callan Capital LLC boosted its position in WEC Energy Group by 2.7% during the first quarter. Callan Capital LLC now owns 3,845 shares of the utilities provider's stock valued at $419,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $117.28 on Thursday. WEC Energy Group, Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $117.48. The business has a 50-day moving average of $110.30 and a two-hundred day moving average of $107.86. The stock has a market capitalization of $37.75 billion, a P/E ratio of 22.47, a P/E/G ratio of 3.28 and a beta of 0.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.28 billion during the quarter. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WEC shares. LADENBURG THALM/SH SH raised WEC Energy Group from a "neutral" rating to a "buy" rating in a research report on Monday. Wall Street Zen raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Saturday, October 4th. UBS Group lifted their price objective on WEC Energy Group from $117.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Citigroup started coverage on WEC Energy Group in a research report on Friday, October 3rd. They set a "buy" rating and a $131.00 price objective for the company. Finally, Scotiabank lifted their price objective on WEC Energy Group from $115.00 to $129.00 and gave the company an "outperform" rating in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $113.60.

Insider Buying and Selling

In other news, CEO Scott J. Lauber sold 9,231 shares of WEC Energy Group stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $110.88, for a total value of $1,023,533.28. Following the transaction, the chief executive officer directly owned 56,443 shares in the company, valued at approximately $6,258,399.84. The trade was a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 5,960 shares of WEC Energy Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $110.98, for a total value of $661,440.80. Following the completion of the transaction, the director owned 274,969 shares in the company, valued at $30,516,059.62. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is owned by corporate insiders.

WEC Energy Group Company 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.

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