Nicolet Advisory Services LLC Has $11.27 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Nicolet Advisory Services LLC raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,995 shares of the utilities provider’s stock after buying an additional 956 shares during the quarter. WEC Energy Group accounts for 1.1% of Nicolet Advisory Services LLC’s portfolio, making the stock its 20th largest position. Nicolet Advisory Services LLC’s holdings in WEC Energy Group were worth $11,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in WEC Energy Group during the third quarter valued at approximately $29,000. Global X Japan Co. Ltd. increased its position in WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after buying an additional 118 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of WEC Energy Group in the 2nd quarter valued at approximately $29,000. William B. Walkup & Associates Inc. acquired a new stake in shares of WEC Energy Group in the second quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new position in WEC Energy Group during the 2nd quarter worth $36,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp upped their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America upped their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Scotiabank boosted their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Barclays boosted their price target on WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus target price of $94.45.

Insider Transactions at WEC Energy Group

In other news, VP William J. Guc sold 6,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the sale, the vice president now owns 7,702 shares of the company’s stock, valued at approximately $716,208.98. This represents a 43.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,204,570.88. This represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,314 shares of company stock worth $5,047,988 in the last ninety days. Insiders own 0.34% of the company’s stock.

WEC Energy Group Trading Down 0.3 %

Shares of WEC Energy Group stock opened at $100.66 on Friday. The company’s 50-day moving average price is $96.69 and its 200-day moving average price is $88.85. The company has a market cap of $31.84 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.74 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $101.43.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $1.00 EPS. WEC Energy Group’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.32%. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

WEC Energy Group Company 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.