Nicolet Advisory Services LLC Purchases 6,565 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Nicolet Advisory Services LLC raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,560 shares of the utilities provider’s stock after acquiring an additional 6,565 shares during the quarter. WEC Energy Group makes up about 1.1% of Nicolet Advisory Services LLC’s investment portfolio, making the stock its 21st biggest position. Nicolet Advisory Services LLC’s holdings in WEC Energy Group were worth $11,542,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Larson Financial Group LLC boosted its stake in WEC Energy Group by 3,828.6% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in WEC Energy Group in the 4th quarter worth $28,000. Hoey Investments Inc. bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $42,000. Human Investing LLC bought a new stake in shares of WEC Energy Group in the fourth quarter worth about $52,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider’s stock worth $55,000 after buying an additional 345 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Up 0.1 %

NYSE:WEC opened at $108.96 on Thursday. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $110.19. The stock has a fifty day simple moving average of $104.19 and a 200-day simple moving average of $99.20. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WEC shares. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank increased their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. KeyCorp boosted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets lifted their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $101.88.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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.