Laurel Wealth Advisors Inc. boosted its position in shares of WEC Energy Group Inc (NYSE:WEC) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,767 shares of the utilities provider’s stock after purchasing an additional 293 shares during the period. Laurel Wealth Advisors Inc.’s holdings in WEC Energy Group were worth $614,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of WEC Energy Group by 1.5% in the third quarter. Vanguard Group Inc now owns 34,749,404 shares of the utilities provider’s stock worth $2,319,871,000 after buying an additional 499,213 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of WEC Energy Group by 4.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,775 shares of the utilities provider’s stock valued at $816,000 after acquiring an additional 450 shares during the last quarter. Victory Capital Management Inc. boosted its position in WEC Energy Group by 1.9% in the 4th quarter. Victory Capital Management Inc. now owns 392,307 shares of the utilities provider’s stock valued at $27,171,000 after buying an additional 7,350 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of WEC Energy Group by 6,740.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 2,325,262 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of WEC Energy Group during the fourth quarter worth $207,000. Institutional investors own 75.08% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Hope Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Bank of America raised their price objective on shares of CarMax from $95.00 to $112.00 in a report on Monday, June 24th. Scotiabank cut shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Wednesday, May 8th. Finally, Argus cut their price objective on shares of Vodafone Group to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $75.15.
Shares of WEC Energy Group stock traded up $0.43 during trading on Wednesday, reaching $86.13. The company’s stock had a trading volume of 1,131,734 shares, compared to its average volume of 1,659,473. The stock has a 50-day moving average price of $83.37. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 4.12 and a beta of 0.13. WEC Energy Group Inc has a fifty-two week low of $63.27 and a fifty-two week high of $86.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.58 and a current ratio of 0.69.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. WEC Energy Group had a net margin of 14.03% and a return on equity of 11.06%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm posted $1.23 EPS. WEC Energy Group’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that WEC Energy Group Inc will post 3.51 EPS for the current year.
WEC Energy Group Profile
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, 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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