Xponance Inc. Has $3.98 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Xponance Inc. lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,326 shares of the utilities provider’s stock after selling 1,099 shares during the period. Xponance Inc.’s holdings in WEC Energy Group were worth $3,980,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WEC. Larson Financial Group LLC increased its position 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 worth $26,000 after buying an additional 268 shares during the period. Human Investing LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter valued at $52,000. Cullen Frost Bankers Inc. increased its holdings in shares of 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 buying an additional 345 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in WEC Energy Group in the 4th quarter valued at $56,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of WEC Energy Group during the fourth quarter worth approximately $59,000. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WEC shares. BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Scotiabank lifted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, KeyCorp boosted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.88.

WEC Energy Group Trading Up 0.3 %

NYSE:WEC opened at $107.83 on Friday. 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 firm’s fifty day moving average is $102.36 and its 200-day moving average is $98.39. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $110.19. The firm has a market cap of $34.06 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were 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 represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction 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 transaction, the director now owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.