WEC Energy Group Inc (WEC) Shares Bought by Advisor Group Inc.
Advisor Group Inc. lifted its position in WEC Energy Group Inc (NYSE:WEC) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,461 shares of the utilities provider’s stock after purchasing an additional 19,771 shares during the quarter. Advisor Group Inc.’s holdings in WEC Energy Group were worth $5,813,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC raised its stake in shares of WEC Energy Group by 157.2% in the fourth quarter. Advisory Services Network LLC now owns 1,690 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,033 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $122,000. Hanson & Doremus Investment Management purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $133,000. Calton & Associates Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $175,000. Finally, Crewe Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $193,000. Hedge funds and other institutional investors own 72.89% of the company’s stock.
WEC Energy Group Inc (NYSE WEC) opened at $60.55 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $19,021.02, a P/E ratio of 15.98, a P/E/G ratio of 4.33 and a beta of 0.12. WEC Energy Group Inc has a 12-month low of $58.29 and a 12-month high of $70.09.
Several research analysts have recently issued reports on WEC shares. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of WEC Energy Group in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Saturday, January 13th. Bank of America raised their price objective on WEC Energy Group from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Wells Fargo & Co reduced their price objective on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Finally, Credit Suisse Group restated a “neutral” rating and issued a $63.00 price objective (down from $65.00) on shares of WEC Energy Group in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.00.
In related news, Director Barbara L. Bowles sold 2,000 shares of WEC Energy Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total transaction of $120,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by company insiders.
WEC Energy Group Company Profile
WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.
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