Kiker Wealth Management LLC Takes $398,000 Position in WEC Energy Group, Inc. (NYSE:WEC)

Kiker Wealth Management LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,227 shares of the utilities provider’s stock, valued at approximately $398,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC acquired a new stake in WEC Energy Group during the fourth quarter worth about $218,000. Teacher Retirement System of Texas raised its position in shares of WEC Energy Group by 39.9% during the fourth quarter. Teacher Retirement System of Texas now owns 2,959 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 844 shares during the period. Fox Hill Wealth Management boosted its position in shares of WEC Energy Group by 1.0% during the fourth quarter. Fox Hill Wealth Management now owns 16,085 shares of the utilities provider’s stock worth $1,513,000 after buying an additional 161 shares during the period. ProVise Management Group LLC increased its position in shares of WEC Energy Group by 35.1% during the 4th quarter. ProVise Management Group LLC now owns 3,853 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Enhancing Capital LLC acquired a new position in WEC Energy Group during the fourth quarter worth approximately $1,101,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.3 %

Shares of NYSE WEC opened at $107.83 on Friday. The firm has a 50-day simple moving average of $102.36 and a two-hundred day simple moving average of $98.39. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The company has a market cap of $34.06 billion, a P/E ratio of 22.33, a PEG ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp boosted their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. StockNews.com lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $101.88.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the business’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 sale, the director now owns 274,955 shares of the company’s stock, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.