United Capital Management of KS Inc. Has $3.31 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

United Capital Management of KS Inc. boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,205 shares of the utilities provider’s stock after buying an additional 760 shares during the quarter. United Capital Management of KS Inc.’s holdings in WEC Energy Group were worth $3,311,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WEC. Larson Financial Group LLC boosted its stake 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 buying an additional 268 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of WEC Energy Group during the third quarter valued at about $29,000. Human Investing LLC acquired a new stake in shares of WEC Energy Group during the fourth quarter valued at about $52,000. Cullen Frost Bankers Inc. boosted its stake in shares of WEC Energy Group by 140.8% during the fourth 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 in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of WEC Energy Group during the fourth quarter valued at about $59,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Trading Up 1.7 %

Shares of WEC stock opened at $106.89 on Friday. The company has a market cap of $33.76 billion, a P/E ratio of 22.13, a PEG ratio of 2.60 and a beta of 0.45. The stock has a 50 day simple moving average of $101.25 and a two-hundred day simple moving average of $97.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $110.19.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion during 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 company’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 firm posted $1.10 earnings per share. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insiders Place Their Bets

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WEC. Wells Fargo & Company lifted their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, BMO Capital Markets raised 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. One 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.88.

About WEC Energy Group

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.