tru Independence LLC increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 422.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308 shares of the utilities provider’s stock after purchasing an additional 249 shares during the period. tru Independence LLC’s holdings in WEC Energy Group were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WEC. Wealth Alliance lifted its holdings in shares of WEC Energy Group by 4.4% in the 3rd quarter. Wealth Alliance now owns 7,090 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 296 shares during the last quarter. Nuveen Asset Management LLC increased its position in WEC Energy Group by 1.6% in the 3rd quarter. Nuveen Asset Management LLC now owns 2,573,326 shares of the utilities provider’s stock valued at $249,355,000 after acquiring an additional 41,328 shares during the period. Eudaimonia Partners LLC increased its position in WEC Energy Group by 35.6% in the 3rd quarter. Eudaimonia Partners LLC now owns 2,632 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 691 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in WEC Energy Group in the 3rd quarter valued at approximately $262,000. Finally, Earnest Partners LLC increased its position in WEC Energy Group by 5.3% in the 3rd quarter. Earnest Partners LLC now owns 610,144 shares of the utilities provider’s stock valued at $59,123,000 after acquiring an additional 30,792 shares during the period. 73.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of WEC stock opened at $93.42 on Thursday. WEC Energy Group, Inc. has a 1 year low of $80.55 and a 1 year high of $106.85. The stock has a market cap of $29.47 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.18. The business’s fifty day moving average is $87.45 and its 200-day moving average is $92.45. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.49.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 4th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that WEC Energy Group, Inc. will post 3.75 earnings per share for the current year.

Several research firms recently commented on WEC. Wells Fargo & Company upgraded WEC Energy Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $94.00 to $93.00 in a research report on Wednesday, March 10th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and set a $107.00 target price on the stock in a research report on Wednesday, January 13th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $94.09.

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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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

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