TCTC Holdings LLC Acquires 200 Shares of WEC Energy Group, Inc. (NYSE:WEC)

TCTC Holdings LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,249 shares of the utilities provider’s stock after acquiring an additional 200 shares during the quarter. TCTC Holdings LLC’s holdings in WEC Energy Group were worth $117,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Annex Advisory Services LLC increased its position in WEC Energy Group by 6.5% during the fourth quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock worth $10,405,000 after acquiring an additional 6,785 shares during the period. Matrix Trust Co bought a new position in WEC Energy Group during the fourth quarter worth about $1,538,000. DRW Securities LLC bought a new position in WEC Energy Group during the third quarter worth about $1,392,000. Motley Fool Wealth Management LLC increased its position in WEC Energy Group by 51.0% during the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock worth $2,883,000 after acquiring an additional 10,126 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after acquiring an additional 78,580 shares during the period. 77.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on WEC shares. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Scotiabank raised their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. 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 report on Wednesday, February 5th. Finally, Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.88.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred on 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 approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

WEC Energy Group Trading Up 0.3 %

Shares of WEC Energy Group stock opened at $107.12 on Tuesday. The firm’s 50 day moving average is $101.55 and its 200 day moving average is $98.16. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. The firm has a market capitalization of $33.83 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its 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 return on equity of 12.39% and a net margin of 17.75%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.