Level Four Advisory Services LLC Purchases 653 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Level Four Advisory Services LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,396 shares of the utilities provider’s stock after purchasing an additional 653 shares during the period. Level Four Advisory Services LLC’s holdings in WEC Energy Group were worth $2,764,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WEC. Orion Portfolio Solutions LLC lifted its stake in WEC Energy Group by 5.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 50,629 shares of the utilities provider’s stock valued at $4,761,000 after acquiring an additional 2,492 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in WEC Energy Group during the fourth quarter worth $116,000. Blair William & Co. IL grew its position in WEC Energy Group by 0.4% in the fourth quarter. Blair William & Co. IL now owns 44,266 shares of the utilities provider’s stock valued at $4,163,000 after purchasing an additional 168 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in WEC Energy Group in the fourth quarter valued at $394,000. Finally, NEOS Investment Management LLC increased its stake in WEC Energy Group by 29.7% in the 4th quarter. NEOS Investment Management LLC now owns 16,292 shares of the utilities provider’s stock valued at $1,532,000 after buying an additional 3,728 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Trading Up 1.2 %

Shares of NYSE:WEC opened at $107.50 on Friday. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $110.19. The business has a 50 day moving average of $103.59 and a 200-day moving average of $98.89. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a market cap of $33.95 billion, a PE ratio of 22.26, a P/E/G ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the business’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 completion of the transaction, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. StockNews.com downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wells Fargo & Company boosted 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 upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, KeyCorp raised their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average price target of $101.88.

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.