Blue Trust Inc. Has $607,000 Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Blue Trust Inc. raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,544 shares of the utilities provider’s stock after buying an additional 781 shares during the quarter. Blue Trust Inc.’s holdings in WEC Energy Group were worth $607,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of WEC Energy Group by 1.0% during the first quarter. Geode Capital Management LLC now owns 6,805,548 shares of the utilities provider’s stock valued at $643,696,000 after purchasing an additional 69,710 shares during the period. Deutsche Bank AG increased its position in shares of WEC Energy Group by 3.0% during the third quarter. Deutsche Bank AG now owns 5,495,925 shares of the utilities provider’s stock valued at $442,697,000 after purchasing an additional 158,652 shares during the period. JPMorgan Chase & Co. increased its position in shares of WEC Energy Group by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 4,295,729 shares of the utilities provider’s stock valued at $346,021,000 after purchasing an additional 142,412 shares during the period. Invesco Ltd. increased its position in shares of WEC Energy Group by 3.8% during the third quarter. Invesco Ltd. now owns 4,216,264 shares of the utilities provider’s stock valued at $339,620,000 after purchasing an additional 155,437 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of WEC Energy Group by 3.4% during the second quarter. Nuveen Asset Management LLC now owns 3,998,540 shares of the utilities provider’s stock valued at $352,831,000 after purchasing an additional 131,280 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $82.12 on Friday. The business has a fifty day moving average of $79.45 and a 200-day moving average of $81.74. The firm has a market cap of $25.90 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.40. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $99.26. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55.

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

Insider Activity at WEC Energy Group

In related news, Chairman Gale E. Klappa sold 37,180 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,402,131.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gale E. Klappa sold 37,180 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WEC shares. Bank of America reiterated an “underperform” rating and issued a $78.00 price target (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. JPMorgan Chase & Co. cut WEC Energy Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $90.00 to $84.00 in a research report on Friday, February 2nd. Wells Fargo & Company lowered their price target on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Barclays lowered their price target on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada lowered their price target on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.17.

Read Our Latest Research Report on WEC

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.

Further Reading

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

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.