Nissay Asset Management Corp Japan ADV Purchases 199 Shares of WEC Energy Group Inc (WEC)

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Nissay Asset Management Corp Japan ADV raised its position in shares of WEC Energy Group Inc (NYSE:WEC) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,290 shares of the utilities provider’s stock after purchasing an additional 199 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in WEC Energy Group were worth $3,622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WEC. We Are One Seven LLC purchased a new position in WEC Energy Group during the fourth quarter valued at $30,000. Essex Investment Management Co. LLC purchased a new position in WEC Energy Group during the fourth quarter valued at $30,000. Oregon Public Employees Retirement Fund lifted its position in WEC Energy Group by 6,740.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock valued at $34,000 after buying an additional 2,325,262 shares during the period. Gantzert Investment Co. LLC ADV purchased a new position in WEC Energy Group during the fourth quarter valued at $35,000. Finally, Mondrian Investment Partners LTD purchased a new position in WEC Energy Group during the fourth quarter valued at $41,000. 73.89% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Gale E. Klappa sold 40,000 shares of WEC Energy Group stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $72.33, for a total value of $2,893,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Kevin Fletcher sold 72,455 shares of WEC Energy Group stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $70.65, for a total value of $5,118,945.75. The disclosure for this sale can be found here. Insiders sold a total of 172,455 shares of company stock valued at $12,354,946 over the last quarter. 0.94% of the stock is owned by corporate insiders.

Several equities analysts have commented on WEC shares. Wolfe Research lowered WEC Energy Group from a “market perform” rating to a “sell” rating in a research report on Friday, October 26th. Bank of America downgraded WEC Energy Group from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. They noted that the move was a valuation call. Credit Suisse Group raised their price target on WEC Energy Group from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, November 1st. ValuEngine downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Barclays raised their price target on WEC Energy Group from $71.00 to $73.00 and gave the company a “hold” rating in a report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.90.

Shares of NYSE:WEC opened at $74.47 on Tuesday. WEC Energy Group Inc has a 1-year low of $58.48 and a 1-year high of $75.61. The company has a quick ratio of 0.34, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The firm has a market cap of $23.50 billion, a PE ratio of 22.30, a P/E/G ratio of 4.85 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts predict that WEC Energy Group Inc will post 3.51 EPS for the current fiscal year.

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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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Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group Inc (NYSE:WEC).

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

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