Liberty Wealth Management LLC Sells 328 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Liberty Wealth Management LLC decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,540 shares of the utilities provider’s stock after selling 328 shares during the period. Liberty Wealth Management LLC’s holdings in WEC Energy Group were worth $239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WEC. Larson Financial Group LLC grew its position in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of WEC Energy Group in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new stake in shares of WEC Energy Group during the 3rd quarter valued at approximately $45,000. Human Investing LLC acquired a new position in WEC Energy Group during the 4th quarter worth approximately $52,000. Finally, Cullen Frost Bankers Inc. lifted its stake in WEC Energy Group by 140.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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 research note on Wednesday, February 5th. BMO Capital Markets boosted their price objective on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. KeyCorp increased their target price 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. Scotiabank boosted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, 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 note on Thursday, January 2nd. One 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.88.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the business’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 completion of the transaction, the director now directly owns 274,955 shares in the company, valued at $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 Trading Down 1.0 %

Shares of WEC stock opened at $104.72 on Thursday. The stock has a 50-day moving average of $100.77 and a 200-day moving average of $97.84. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The stock has a market cap of $33.07 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a 1-year low of $77.47 and a 1-year high of $110.19.

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