Vaughan David Investments LLC IL Raises Position in WEC Energy Group, Inc. (NYSE:WEC)

Vaughan David Investments LLC IL grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 428,408 shares of the utilities provider's stock after purchasing an additional 14,084 shares during the quarter. Vaughan David Investments LLC IL owned approximately 0.14% of WEC Energy Group worth $36,059,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dearborn Partners LLC lifted its stake in shares of WEC Energy Group by 29.2% during the 4th quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider's stock worth $49,022,000 after purchasing an additional 131,797 shares during the period. Annex Advisory Services LLC lifted its stake in shares of WEC Energy Group by 13.8% during the 3rd quarter. Annex Advisory Services LLC now owns 205,489 shares of the utilities provider's stock worth $16,552,000 after purchasing an additional 24,892 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of WEC Energy Group by 2.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 44,471 shares of the utilities provider's stock worth $3,582,000 after purchasing an additional 1,010 shares during the period. BKM Wealth Management LLC purchased a new position in shares of WEC Energy Group in the 4th quarter worth $1,855,000. Finally, Nordea Investment Management AB raised its position in shares of WEC Energy Group by 9.6% in the 3rd quarter. Nordea Investment Management AB now owns 14,679 shares of the utilities provider's stock worth $1,184,000 after buying an additional 1,287 shares during the period. Hedge funds and other institutional investors own 77.20% of the company's stock.

Insider Buying and Selling

In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares of the company's stock, valued at $21,622,595.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Scott J. Lauber sold 2,830 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total transaction of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

WEC Energy Group Stock Down 0.5 %

Shares of WEC Energy Group stock traded down $0.42 during trading hours on Friday, hitting $78.97. 1,354,945 shares of the company's stock traded hands, compared to its average volume of 2,184,728. The stock has a 50 day simple moving average of $79.62 and a 200-day simple moving average of $81.39. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. The company has a market cap of $24.91 billion, a PE ratio of 18.78, a PEG ratio of 2.77 and a beta of 0.40. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $98.80.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The company's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WEC. The Goldman Sachs Group began coverage on WEC Energy Group in a research report on Wednesday. They issued a "neutral" rating and a $88.00 target price on the stock. KeyCorp increased their target price on WEC Energy Group from $94.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 4th. Barclays cut their target price on WEC Energy Group from $79.00 to $75.00 and set an "underweight" rating on the stock in a research report on Thursday, February 8th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday, January 13th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $78.00 target price (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and an average price target of $86.31.

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.

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