Nomura Asset Management Co. Ltd. Has $11.57 Million Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

Nomura Asset Management Co. Ltd. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 123,049 shares of the utilities provider's stock after selling 3,036 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in WEC Energy Group were worth $11,572,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 268 shares during the period. Human Investing LLC bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $52,000. Cullen Frost Bankers Inc. boosted its position in WEC Energy Group by 140.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 345 shares during the period. Flagship Wealth Advisors LLC bought a new position in WEC Energy Group during the 4th quarter worth $56,000. Finally, Bank of Jackson Hole Trust bought a new position in WEC Energy Group during the 4th quarter worth $59,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, 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 completion of the transaction, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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WEC Energy Group Price Performance

NYSE WEC traded up $0.11 on Thursday, reaching $108.95. The company's stock had a trading volume of 3,141,406 shares, compared to its average volume of 2,095,490. The firm's 50 day moving average is $104.19 and its two-hundred day moving average is $99.20. The stock has a market cap of $34.41 billion, a PE ratio of 22.62, a PEG ratio of 2.60 and a beta of 0.45. 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 twelve month low of $77.47 and a twelve month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Analysts Set New Price Targets

WEC has been the subject of several analyst reports. Bank of America raised shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets upped 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 WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. Finally, KeyCorp lifted their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $101.88.

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.