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Assetmark Inc. Acquires 21,525 Shares of WEC Energy Group, Inc. $WEC
Assetmark Inc. increased its stake in WEC Energy Group by 14.4% in the third quarter, acquiring an additional 21,525 shares, bringing its total ownership to 170,870 shares valued at $19.58 million. Other institutional investors also adjusted their holdings in the utility provider, while CEO Scott J. Lauber recently sold 8,089 shares. Analysts have issued varied ratings for WEC, with an average “Moderate Buy” and a target price of $120.07.