Fortitude Family Office LLC Takes $33,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Fortitude Family Office LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 397 shares of the utilities provider’s stock, valued at approximately $33,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Advisors Capital Management LLC lifted its stake in WEC Energy Group by 2.3% in the third quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock valued at $444,000 after buying an additional 108 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in WEC Energy Group by 12.1% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 114 shares in the last quarter. Portside Wealth Group LLC increased its stake in WEC Energy Group by 1.2% in the third quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 127 shares in the last quarter. Balentine LLC raised its holdings in shares of WEC Energy Group by 2.7% during the third quarter. Balentine LLC now owns 4,899 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 131 shares during the period. Finally, Blossom Wealth Management boosted its position in shares of WEC Energy Group by 3.6% during the 3rd quarter. Blossom Wealth Management now owns 3,797 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 132 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other news, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Scott J. Lauber sold 2,830 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

WEC Energy Group Trading Down 0.0 %

Shares of WEC Energy Group stock opened at $80.01 on Friday. The firm has a market cap of $25.24 billion, a PE ratio of 18.96, a P/E/G ratio of 2.79 and a beta of 0.40. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $99.26. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a fifty day moving average price of $79.62 and a 200-day moving average price of $81.83.

WEC Energy Group (NYSE:WECGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts anticipate that WEC Energy Group, Inc. will post 4.88 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on WEC shares. KeyCorp increased their price target on WEC Energy Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Wells Fargo & Company decreased their price target on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Barclays dropped their price objective on shares of WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. downgraded shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $90.00 to $84.00 in a research report on Friday, February 2nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $78.00 price target (down previously from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average price target of $86.17.

Get Our Latest Stock Report on WEC Energy Group

About WEC Energy Group

(Free Report)

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.

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

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