WEC Energy Group Inc (WEC) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. grew its holdings in shares of WEC Energy Group Inc (NYSE:WEC) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,927 shares of the utilities provider’s stock after purchasing an additional 1,521 shares during the quarter. FDx Advisors Inc.’s holdings in WEC Energy Group were worth $2,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WEC. Eaton Vance Management lifted its position in WEC Energy Group by 2.2% in the 4th quarter. Eaton Vance Management now owns 17,700 shares of the utilities provider’s stock worth $1,226,000 after buying an additional 374 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of WEC Energy Group by 0.4% during the fourth quarter. Prudential Financial Inc. now owns 358,106 shares of the utilities provider’s stock valued at $24,802,000 after buying an additional 1,501 shares during the period. Rampart Investment Management Company LLC grew its stake in WEC Energy Group by 168.5% in the fourth quarter. Rampart Investment Management Company LLC now owns 24,203 shares of the utilities provider’s stock worth $1,676,000 after purchasing an additional 15,188 shares during the period. Rational Advisors LLC grew its stake in WEC Energy Group by 334,600.0% in the fourth quarter. Rational Advisors LLC now owns 20,082 shares of the utilities provider’s stock worth $1,391,000 after purchasing an additional 20,076 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its stake in WEC Energy Group by 43.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,690 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 1,411 shares during the period. 73.65% of the stock is owned by institutional investors.

Several equities research analysts have commented on WEC shares. 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 downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a report on Sunday, January 6th. Wells Fargo & Co upped their price target on WEC Energy Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Barclays upped their price target on WEC Energy Group from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. WEC Energy Group has an average rating of “Hold” and an average price target of $72.90.

Shares of WEC opened at $75.72 on Friday. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 4.86 and a beta of 0.15. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. WEC Energy Group Inc has a one year low of $58.48 and a one year high of $75.89.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company 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 10.87% and a net margin of 13.81%. WEC Energy Group’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts expect that WEC Energy Group Inc will post 3.51 earnings per share for the current year.

In related news, Director Allen L. Leverett sold 112,250 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $74.35, for a total value of $8,345,787.50. Following the transaction, the director now directly owns 151,589 shares in the company, valued at $11,270,642.15. 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 company’s stock in a transaction that occurred on Tuesday, November 27th. The shares were 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. Over the last quarter, insiders have sold 414,314 shares of company stock valued at $30,404,554. 0.94% of the stock is owned by company insiders.

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WEC Energy Group Company 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.

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

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