Nicolet Bankshares Inc. Sells 2,838 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Nicolet Bankshares Inc. reduced its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,001 shares of the utilities provider's stock after selling 2,838 shares during the quarter. Nicolet Bankshares Inc.'s holdings in WEC Energy Group were worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new position in WEC Energy Group during the 3rd quarter worth approximately $501,000. XTX Topco Ltd lifted its stake in shares of WEC Energy Group by 112.8% in the 3rd quarter. XTX Topco Ltd now owns 5,472 shares of the utilities provider's stock valued at $526,000 after acquiring an additional 2,901 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of WEC Energy Group by 31.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,689 shares of the utilities provider's stock valued at $356,000 after acquiring an additional 888 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in WEC Energy Group by 4.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,036 shares of the utilities provider's stock worth $488,000 after purchasing an additional 192 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of WEC Energy Group by 15.1% during the third quarter. Sanctuary Advisors LLC now owns 91,034 shares of the utilities provider's stock valued at $9,164,000 after purchasing an additional 11,949 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

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

WEC Energy Group Trading Up 1.7 %

Shares of WEC stock traded up $1.84 during trading hours on Thursday, hitting $109.20. 784,731 shares of the company were exchanged, compared to its average volume of 2,139,719. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $111.00. The company has a 50 day simple moving average of $105.61 and a two-hundred day simple moving average of $100.02. The firm has a market cap of $34.84 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.60 and a beta of 0.44.

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

Analysts Set New Price Targets

WEC has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. StockNews.com raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $104.38.

About WEC Energy Group

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.