Eudaimonia Partners LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC – Get Rating ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,190 shares of the utilities provider’s stock, valued at approximately $205,000.
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A number of other large investors have also recently added to or reduced their stakes in the stock. CoreFirst Bank & Trust acquired a new stake in shares of WEC Energy Group in the second quarter worth about $25,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter worth about $26,000. Asset Dedication LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter worth about $27,000. Achmea Investment Management BV acquired a new stake in shares of WEC Energy Group in the first quarter worth about $27,000. Finally, Cowa LLC acquired a new stake in shares of WEC Energy Group in the third quarter valued at about $30,000. 74.05% of the stock is currently owned by institutional investors and hedge funds.
Presentation of WEC Energy Group shares
Shares of WEC stock opened at $94.79 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.52, and a debt-to-equity ratio of 1.27. The firm has a market cap of $29.90 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.53 and a beta of 0.38. The company’s 50-day simple moving average is $92.01, and its 200-day simple moving average is $93.04. WEC Energy Group, Inc. has a 12-month low of $80.82 and a 12-month high of $108.39.
WEC Energy Group (NYSE:WEC – Get Rating ) last posted its earnings results on Thursday, February 2nd. The utilities provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analysts’ estimates of $2.01 billion. WEC Energy Group had a net margin of 14.68% and a return on equity of 12.24%. Business revenues increased by 16.2% year-on-year. During the same period in the prior year, the firm earned $0.71 EPS. As a group, equities analysts predict that WEC Energy Group, Inc. will post 4.6 EPS for the current year.
Wall Street analysts forecast growth
A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of WEC Energy Group from $109.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. BMO Capital Markets boosted their price objective on shares of WEC Energy Group from $93.00 to $100.00 in a report on Monday, December 5th. StockNews.com began coverage on shares of WEC Energy Group in a report on Thursday, March 16th. They issued a “hold” rating on the company. Finally, TheStreet upgraded shares of WEC Energy Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. WEC Energy Group has an average rating of “Hold” and an average price target of $98.78, based on data from MarketBeat.com.
About WEC Energy Group
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WEC Energy Group, Inc is a holding company engaged in the generation and distribution of electricity and natural gas. It operates in the following segments: Wisconsin, Illinois, Other States, Power Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment relates to electric and gas grid operations.
More information
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