Teachers Advisors LLC trimmed its position in WEC Energy Group Inc (NYSE:WEC) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,020 shares of the utilities provider’s stock after selling 3,266 shares during the quarter. Teachers Advisors LLC owned about 0.19% of WEC Energy Group worth $39,394,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in WEC Energy Group by 157.2% in the 4th quarter. Advisory Services Network LLC now owns 1,690 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 1,033 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in WEC Energy Group in the 4th quarter worth approximately $122,000. Hanson & Doremus Investment Management bought a new position in WEC Energy Group in the 4th quarter worth approximately $133,000. Calton & Associates Inc. bought a new position in WEC Energy Group in the 4th quarter worth approximately $175,000. Finally, Crewe Advisors LLC bought a new position in WEC Energy Group in the 4th quarter worth approximately $193,000. 72.76% of the stock is owned by institutional investors.
WEC Energy Group Inc (NYSE:WEC) opened at $61.77 on Tuesday. 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 company has a market capitalization of $19,705.76, a P/E ratio of 19.89, a PEG ratio of 4.48 and a beta of 0.12. WEC Energy Group Inc has a 52-week low of $58.92 and a 52-week high of $70.09.
Several research firms have weighed in on WEC. Credit Suisse Group restated a “neutral” rating and issued a $63.00 price target (down from $65.00) on shares of WEC Energy Group in a research note on Friday, February 23rd. UBS began coverage on WEC Energy Group in a research note on Friday, February 2nd. They issued a “neutral” rating and a $65.00 price target for the company. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Saturday, January 6th. Guggenheim restated a “buy” rating and issued a $66.00 price target on shares of WEC Energy Group in a research note on Friday, February 23rd. Finally, Wells Fargo dropped their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. WEC Energy Group has a consensus rating of “Hold” and a consensus target price of $66.00.
In other news, Director Barbara L. Bowles sold 2,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by corporate insiders.
About WEC Energy Group
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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