Mutual of America Capital Management LLC Has $3.55 Million Stake in WEC Energy Group, Inc. (NYSE:WEC)

Mutual of America Capital Management LLC trimmed its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,205 shares of the utilities provider’s stock after selling 1,932 shares during the period. Mutual of America Capital Management LLC’s holdings in WEC Energy Group were worth $3,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WEC. Achmea Investment Management B.V. acquired a new stake in shares of WEC Energy Group in the first quarter valued at approximately $27,000. Valued Wealth Advisors LLC acquired a new position in WEC Energy Group during the fourth quarter valued at approximately $28,000. First Manhattan Co. raised its position in WEC Energy Group by 102.0% during the fourth quarter. First Manhattan Co. now owns 303 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 153 shares in the last quarter. Fortitude Family Office LLC acquired a new position in WEC Energy Group during the fourth quarter valued at approximately $33,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in WEC Energy Group during the third quarter valued at approximately $38,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WEC Energy Group

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

Wall Street Analyst Weigh In

Several research analysts have commented on WEC shares. Wells Fargo & Company lowered their price objective on shares of WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Royal Bank of Canada lowered their price objective on shares of WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Bank of America restated an “underperform” rating and set a $78.00 price objective (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Finally, KeyCorp boosted their price objective on shares of WEC Energy Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.31.

WEC Energy Group Price Performance

WEC stock opened at $79.61 on Thursday. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.71 and a beta of 0.40. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $98.80. The company’s fifty day simple moving average is $79.64 and its 200 day simple moving average is $81.32.

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

WEC Energy Group Company 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.