Cornell Pochily Investment Advisors Inc. Purchases 3,214 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Cornell Pochily Investment Advisors Inc. raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 39.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,411 shares of the utilities provider’s stock after purchasing an additional 3,214 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in WEC Energy Group were worth $960,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of WEC Energy Group by 5,257.7% in the third quarter. American Century Companies Inc. now owns 1,465,114 shares of the utilities provider’s stock worth $118,015,000 after buying an additional 1,437,768 shares in the last quarter. Renaissance Technologies LLC grew its stake in WEC Energy Group by 563.3% in the first quarter. Renaissance Technologies LLC now owns 1,320,077 shares of the utilities provider’s stock worth $131,757,000 after purchasing an additional 1,121,075 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in WEC Energy Group by 131.3% during the third quarter. Envestnet Asset Management Inc. now owns 861,320 shares of the utilities provider’s stock worth $69,379,000 after buying an additional 488,917 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in WEC Energy Group during the second quarter worth $42,678,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of WEC Energy Group by 28.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,149,048 shares of the utilities provider’s stock valued at $189,632,000 after purchasing an additional 474,843 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 2,830 shares of WEC Energy Group stock in a transaction on Thursday, February 29th. The shares were 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 in the company, valued at approximately $3,402,131.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the completion of the transaction, the chairman now directly owns 274,782 shares of the company’s stock, valued at approximately $21,622,595.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott J. Lauber sold 2,830 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the completion of the sale, the chief executive officer now directly owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the subject of a number of research analyst reports. Mizuho reduced their target price on WEC Energy Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, December 18th. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $90.00 to $84.00 in a research note on Friday, February 2nd. KeyCorp raised their target price on shares of WEC Energy Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Bank of America reissued an “underperform” rating and issued a $78.00 target price (down from $84.00) on shares of WEC Energy Group in a research note on Thursday, January 4th. Finally, StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.17.

WEC Energy Group Stock Performance

NYSE WEC traded up $0.63 during trading hours on Thursday, hitting $81.81. The company had a trading volume of 363,018 shares, compared to its average volume of 2,290,237. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $99.26. The company has a market cap of $25.81 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. The business has a 50 day moving average of $79.42 and a 200-day moving average of $81.74. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The firm’s revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 4.88 EPS for the current 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.