Cambridge Trust Co. Has $6.87 Million Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Cambridge Trust Co. cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,614 shares of the utilities provider’s stock after selling 1,649 shares during the quarter. Cambridge Trust Co.’s holdings in WEC Energy Group were worth $6,869,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisors Capital Management LLC lifted its stake in WEC Energy Group by 2.3% in the third quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock valued at $444,000 after buying an additional 108 shares during the period. Stonebridge Capital Advisors LLC lifted its stake in WEC Energy Group by 12.1% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock valued at $99,000 after buying an additional 114 shares during the period. Portside Wealth Group LLC lifted its stake in WEC Energy Group by 1.2% in the third quarter. Portside Wealth Group LLC now owns 10,374 shares of the utilities provider’s stock valued at $837,000 after buying an additional 127 shares during the period. Balentine LLC lifted its stake in WEC Energy Group by 2.7% in the third quarter. Balentine LLC now owns 4,899 shares of the utilities provider’s stock valued at $395,000 after buying an additional 131 shares during the period. Finally, Blossom Wealth Management lifted its stake in WEC Energy Group by 3.6% in the third quarter. Blossom Wealth Management now owns 3,797 shares of the utilities provider’s stock valued at $306,000 after buying an additional 132 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of NYSE WEC traded up $0.35 during trading on Thursday, reaching $79.98. 508,102 shares of the stock traded hands, compared to its average volume of 2,140,029. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $98.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.55 and a quick ratio of 0.40. The company has a 50-day moving average of $79.64 and a 200-day moving average of $81.32. The stock has a market capitalization of $25.23 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.40.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. WEC Energy Group had a return on equity of 12.17% and a net margin of 14.98%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WEC shares. KeyCorp upped their target price on WEC Energy Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Bank of America reaffirmed an “underperform” rating and set a $78.00 target price (down from $84.00) on shares of WEC Energy Group in a research report on Thursday, January 4th. Wells Fargo & Company lowered their target price on WEC Energy Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Barclays decreased their price target on WEC Energy Group from $79.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Finally, The Goldman Sachs Group initiated coverage on WEC Energy Group in a report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus target price of $86.31.

Insider Buying and Selling

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

WEC Energy Group 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.