Homrich & Berg Purchases 273 Shares of WEC Energy Group Inc (WEC)

Homrich & Berg increased its position in shares of WEC Energy Group Inc (NYSE:WEC) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,531 shares of the utilities provider’s stock after buying an additional 273 shares during the period. Homrich & Berg’s holdings in WEC Energy Group were worth $937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dearborn Partners LLC boosted its holdings in shares of WEC Energy Group by 1.4% in the third quarter. Dearborn Partners LLC now owns 303,461 shares of the utilities provider’s stock valued at $20,259,000 after acquiring an additional 4,076 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of WEC Energy Group by 97.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,167 shares of the utilities provider’s stock valued at $3,749,000 after acquiring an additional 27,751 shares during the period. Worldquant Millennium Quantitative Strategies LLC boosted its holdings in shares of WEC Energy Group by 3.5% in the third quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,444 shares of the utilities provider’s stock valued at $2,032,000 after acquiring an additional 1,019 shares during the period. Csenge Advisory Group boosted its holdings in shares of WEC Energy Group by 18.5% in the third quarter. Csenge Advisory Group now owns 5,959 shares of the utilities provider’s stock valued at $416,000 after acquiring an additional 929 shares during the period. Finally, Oakbrook Investments LLC boosted its holdings in shares of WEC Energy Group by 39.9% in the third quarter. Oakbrook Investments LLC now owns 17,167 shares of the utilities provider’s stock valued at $1,146,000 after acquiring an additional 4,900 shares during the period. 73.89% of the stock is owned by hedge funds and other institutional investors.

WEC has been the subject of several research analyst reports. Wolfe Research downgraded WEC Energy Group from a “market perform” rating to a “sell” rating in a report on Friday, October 26th. Bank of America downgraded WEC Energy Group from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. They noted that the move was a valuation call. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, October 17th. Wells Fargo & Co increased their price objective on WEC Energy Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays increased their price objective on WEC Energy Group from $71.00 to $73.00 and gave the company a “hold” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $72.60.

Shares of WEC Energy Group stock traded down $1.01 during trading hours on Wednesday, hitting $74.03. 272,756 shares of the company were exchanged, compared to its average volume of 1,655,472. WEC Energy Group Inc has a 1 year low of $58.48 and a 1 year high of $75.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market capitalization of $23.68 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 4.89 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 12th. The utilities provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.96 billion. WEC Energy Group had a return on equity of 11.18% and a net margin of 16.82%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts anticipate that WEC Energy Group Inc will post 3.34 EPS for the current year.

In other WEC Energy Group news, Chairman Gale E. Klappa sold 146,618 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $71.68, for a total value of $10,509,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Kevin Fletcher sold 72,455 shares of the stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $70.65, for a total value of $5,118,945.75. The disclosure for this sale can be found here. Insiders sold 319,073 shares of company stock valued at $22,864,524 in the last quarter. 0.94% of the stock is currently owned by company insiders.

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WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

Read More: What impact do institutional investors have on markets?

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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