Flagship Wealth Advisors LLC Invests $56,000 in WEC Energy Group, Inc. (NYSE:WEC)

Flagship Wealth Advisors LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 600 shares of the utilities provider’s stock, valued at approximately $56,000.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in WEC Energy Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,952,851 shares of the utilities provider’s stock valued at $762,453,000 after acquiring an additional 105,580 shares in the last quarter. JPMorgan Chase & Co. lifted its position in WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider’s stock valued at $462,276,000 after acquiring an additional 699,177 shares in the last quarter. Wellington Management Group LLP lifted its position in WEC Energy Group by 17,270.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,718,179 shares of the utilities provider’s stock valued at $453,794,000 after acquiring an additional 4,691,017 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in WEC Energy Group by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,863,782 shares of the utilities provider’s stock valued at $363,350,000 after acquiring an additional 87,711 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in WEC Energy Group by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,261,706 shares of the utilities provider’s stock valued at $212,691,000 after acquiring an additional 46,609 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $107.12 on Tuesday. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The stock’s fifty day moving average is $101.55 and its 200 day moving average is $98.16. The stock has a market cap of $33.83 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

WEC Energy Group (NYSE:WEC) last announced 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 return on equity of 12.39% and a net margin of 17.75%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.10 earnings per share. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WEC shares. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp upped their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Scotiabank boosted 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 research note on Monday, December 9th. Finally, BMO Capital Markets boosted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.88.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s 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 in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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.