First Interstate Bank Sells 354 Shares of WEC Energy Group, Inc. (NYSE:WEC)

First Interstate Bank trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,625 shares of the utilities provider’s stock after selling 354 shares during the quarter. First Interstate Bank’s holdings in WEC Energy Group were worth $221,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quilter Plc bought a new stake in WEC Energy Group in the 1st quarter worth about $234,348,000. Achmea Investment Management B.V. bought a new stake in shares of WEC Energy Group during the 1st quarter valued at about $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $26,000. First Manhattan Co. grew its stake in shares of WEC Energy Group by 102.0% during the 4th quarter. First Manhattan Co. now owns 303 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 153 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $28,000. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.69, for a total value of $2,925,694.20. Following the completion of the transaction, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WEC shares. KeyCorp boosted their price target on WEC Energy Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Royal Bank of Canada cut their price target on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a research note on Thursday, February 8th. Barclays lowered their price objective on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut WEC Energy Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $90.00 to $84.00 in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group started coverage on WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price objective on the stock. Four analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $86.31.

WEC Energy Group Price Performance

NYSE:WEC traded down $1.10 during trading hours on Wednesday, reaching $77.79. The stock had a trading volume of 1,968,329 shares, compared to its average volume of 1,519,202. The stock has a market capitalization of $24.54 billion, a PE ratio of 18.43, a PEG ratio of 2.74 and a beta of 0.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. The company has a 50 day moving average price of $79.61 and a two-hundred day moving average price of $81.33. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $98.80.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

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.