Buckley Wealth Management LLC Sells 290 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Buckley Wealth Management LLC lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,348 shares of the utilities provider’s stock after selling 290 shares during the period. Buckley Wealth Management LLC’s holdings in WEC Energy Group were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quilter Plc bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $234,348,000. Achmea Investment Management B.V. bought a new position in shares of WEC Energy Group during the 1st quarter valued at about $27,000. First Manhattan Co. lifted its holdings in shares of WEC Energy Group by 102.0% during the 4th 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. Valued Wealth Advisors LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $28,000. Finally, VitalStone Financial LLC bought a new position in shares of WEC Energy Group during the 2nd quarter valued at about $35,000. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut WEC Energy Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $90.00 to $84.00 in a report on Friday, February 2nd. Bank of America reissued an “underperform” rating and issued a $78.00 target price (down previously from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Barclays dropped their target price on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada dropped their target price on WEC Energy Group from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Finally, KeyCorp lifted their target price on 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.17.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 2,830 shares of the business’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 transaction, the chief executive officer now directly owns 43,125 shares of the company’s stock, valued at approximately $3,402,131.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Gale E. Klappa sold 37,180 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the completion of the sale, the chairman now directly owns 274,782 shares in the company, valued at approximately $21,622,595.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 43,125 shares of the company’s stock, valued at $3,402,131.25. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

WEC Energy Group Stock Up 3.2 %

Shares of NYSE:WEC traded up $2.53 during trading on Wednesday, hitting $81.18. 2,501,249 shares of the company were exchanged, compared to its average volume of 2,323,399. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.78 and a beta of 0.40. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $99.26. The firm has a fifty day moving average price of $79.42 and a two-hundred day moving average price of $81.74. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.29.

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

About WEC Energy Group

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.