Schaper Benz & Wise Investment Counsel Inc. WI Has $370,000 Stake in WEC Energy Group, Inc. (NYSE:WEC)

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,931 shares of the utilities provider’s stock after selling 200 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in WEC Energy Group were worth $370,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WEC. Larson Financial Group LLC boosted its position 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 position in shares of WEC Energy Group in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in WEC Energy Group during the 3rd quarter worth approximately $45,000. Human Investing LLC acquired a new stake in WEC Energy Group during the 4th quarter valued at $52,000. Finally, Cullen Frost Bankers Inc. raised its position in WEC Energy Group by 140.8% in the 4th 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 during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated 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 $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

WEC Energy Group Stock Up 3.0 %

NYSE:WEC opened at $106.89 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 12-month low of $77.47 and a 12-month high of $108.87. The firm has a market capitalization of $33.76 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.60 and a beta of 0.45. The stock’s fifty day simple moving average is $100.03 and its 200-day simple moving average is $97.54.

WEC Energy Group (NYSE:WEC) last announced its quarterly 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on WEC shares. Wells Fargo & Company increased their target price on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. BMO Capital Markets increased their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, Scotiabank raised their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.88.

WEC Energy Group Profile

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.