WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,995 shares of the utilities provider’s stock after purchasing an additional 956 shares during the quarter. WEC Energy Group comprises approximately 1.1% of Nicolet Advisory Services LLC’s investment portfolio, making the stock its 20th biggest position. Nicolet Advisory Services LLC’s holdings in WEC Energy Group were worth $11,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Trust N.A. grew its stake in shares of WEC Energy Group by 41.9% in the third quarter. Raymond James Trust N.A. now owns 18,054 shares of the utilities provider’s stock valued at $1,736,000 after buying an additional 5,330 shares in the last quarter. AlphaCore Capital LLC grew its position in WEC Energy Group by 3.7% in the 3rd quarter. AlphaCore Capital LLC now owns 4,534 shares of the utilities provider’s stock valued at $436,000 after acquiring an additional 161 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in WEC Energy Group by 102.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,776,071 shares of the utilities provider’s stock worth $362,971,000 after purchasing an additional 1,912,223 shares during the period. Trustmark National Bank Trust Department acquired a new stake in shares of WEC Energy Group during the third quarter worth about $202,000. Finally, Moors & Cabot Inc. boosted its stake in shares of WEC Energy Group by 13.3% in the third quarter. Moors & Cabot Inc. now owns 5,331 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 627 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP William J. Guc sold 6,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the completion of the sale, the vice president now directly owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 43.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the transaction, the director now directly owns 273,248 shares in the company, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,314 shares of company stock valued at $5,047,988 in the last ninety days. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price objective on WEC Energy Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Barclays increased their target price on WEC Energy Group from $86.00 to $89.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Jefferies Financial Group began coverage on WEC Energy Group in a report on Thursday, September 19th. They set a “hold” rating and a $102.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $100.66 on Friday. The company’s fifty day moving average is $96.69 and its two-hundred day moving average is $88.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The firm has a market capitalization of $31.84 billion, a P/E ratio of 24.61, a PEG ratio of 2.74 and a beta of 0.44. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $101.43.

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

WEC Energy Group Announces Dividend

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

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.