Livingston Group Asset Management CO operating as Southport Capital Management Sells 345 Shares of WEC Energy Group Inc (WEC)

Livingston Group Asset Management CO operating as Southport Capital Management lowered its stake in WEC Energy Group Inc (NYSE:WEC) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,388 shares of the utilities provider’s stock after selling 345 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in WEC Energy Group were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in WEC Energy Group by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,749,404 shares of the utilities provider’s stock valued at $2,319,871,000 after purchasing an additional 499,213 shares during the period. Vanguard Group Inc grew its holdings in WEC Energy Group by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 34,749,404 shares of the utilities provider’s stock valued at $2,319,871,000 after buying an additional 499,213 shares in the last quarter. BlackRock Inc. grew its holdings in WEC Energy Group by 5.7% during the 4th quarter. BlackRock Inc. now owns 29,050,912 shares of the utilities provider’s stock valued at $2,012,066,000 after buying an additional 1,563,355 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in WEC Energy Group by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,999,731 shares of the utilities provider’s stock valued at $600,825,000 after buying an additional 1,336,719 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in WEC Energy Group by 2.5% during the 4th quarter. Bank of America Corp DE now owns 6,266,922 shares of the utilities provider’s stock valued at $434,047,000 after buying an additional 154,574 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and cut their price target for the company from $71.00 to $70.00 in a report on Monday, April 8th. Argus raised their price target on WEC Energy Group to $85.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Credit Suisse Group raised their price target on WEC Energy Group from $71.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Finally, Wells Fargo & Co raised their price target on WEC Energy Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. WEC Energy Group has a consensus rating of “Hold” and an average target price of $73.70.

Shares of WEC Energy Group stock traded up $0.09 on Wednesday, reaching $76.55. The company had a trading volume of 40,130 shares, compared to its average volume of 1,766,004. The stock has a market cap of $24.12 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 5.04 and a beta of 0.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.67. WEC Energy Group Inc has a 1 year low of $58.48 and a 1 year high of $80.05.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, February 12th. The utilities provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.96 billion. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Sell-side analysts predict that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

In other news, insider Tom Metcalfe sold 13,675 shares of WEC Energy Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.72, for a total value of $1,035,471.00. Following the completion of the transaction, the insider now owns 20,304 shares in the company, valued at approximately $1,537,418.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Allen L. Leverett sold 112,250 shares of WEC Energy Group stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $74.35, for a total value of $8,345,787.50. Following the completion of the transaction, the director now owns 151,589 shares of the company’s stock, valued at approximately $11,270,642.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 456,668 shares of company stock valued at $34,330,208. Company insiders own 0.75% of the company’s stock.

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

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