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

Nicolet Advisory Services LLC grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 comprises about 1.1% of Nicolet Advisory Services LLC's investment portfolio, making the stock its 21st largest holding. Nicolet Advisory Services LLC's holdings in WEC Energy Group were worth $11,542,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of WEC Energy Group by 134.2% in the fourth quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock worth $1,038,931,000 after purchasing an additional 6,329,574 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WEC Energy Group in the fourth quarter worth about $188,879,000. JPMorgan Chase & Co. grew its position in WEC Energy Group by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after buying an additional 699,177 shares in the last quarter. Donaldson Capital Management LLC acquired a new position in WEC Energy Group during the 4th quarter valued at about $36,421,000. Finally, Retirement Systems of Alabama lifted its stake in shares of WEC Energy Group by 518.8% in the 3rd quarter. Retirement Systems of Alabama now owns 431,103 shares of the utilities provider's stock worth $41,463,000 after acquiring an additional 361,434 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently commented on WEC shares. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Scotiabank lifted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $106.00 to $108.00 in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $102.56.

WEC Energy Group Stock Up 2.1 %

Shares of NYSE WEC traded up $2.15 during trading hours on Tuesday, hitting $105.36. The stock had a trading volume of 689,146 shares, compared to its average volume of 2,115,695. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The company has a market capitalization of $33.62 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00. The firm's 50-day moving average price is $104.58 and its two-hundred day moving average price is $99.44.

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction that occurred 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 directly owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares of the company's stock, 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. 0.34% of the stock is owned by corporate 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.