WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Raised by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,212,188 shares of the utilities provider's stock after acquiring an additional 309,697 shares during the period. Invesco Ltd. owned 1.33% of WEC Energy Group worth $396,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Larson Financial Group LLC grew its holdings in WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after buying an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of WEC Energy Group during the 4th quarter valued at about $28,000. Hoey Investments Inc. purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at about $42,000. Human Investing LLC acquired a new stake in WEC Energy Group during the fourth quarter worth about $52,000. Finally, Cullen Frost Bankers Inc. raised its stake in WEC Energy Group by 140.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock worth $55,000 after purchasing an additional 345 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $104.38.

Insider Buying and Selling

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the sale, the director now owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

WEC Energy Group Stock Performance

WEC traded down $0.05 during trading on Tuesday, reaching $108.43. The company's stock had a trading volume of 448,125 shares, compared to its average volume of 2,137,734. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The company's fifty day moving average price is $105.35 and its 200-day moving average price is $99.91. WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $111.00. The company has a market capitalization of $34.60 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group 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.