10,717 Shares in WEC Energy Group, Inc. (NYSE:WEC) Acquired by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,717 shares of the utilities provider's stock, valued at approximately $1,031,000.

A number of other institutional investors have also recently bought and sold shares of WEC. Massmutual Trust Co. FSB ADV boosted its position in shares of WEC Energy Group by 5.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider's stock worth $216,000 after purchasing an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in WEC Energy Group by 2.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider's stock worth $474,000 after acquiring an additional 117 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 118 shares during the period. Drake & Associates LLC increased its holdings in shares of WEC Energy Group by 2.0% in the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider's stock worth $598,000 after acquiring an additional 120 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of WEC Energy Group by 3.4% during the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider's stock worth $381,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Buying and Selling at WEC Energy Group

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 sale, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Joshua M. Erickson sold 350 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now owns 2,377 shares of the company's stock, valued at approximately $213,335.75. This represents a 0.00 % 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, VP William J. Guc sold 6,000 shares of WEC Energy Group stock in a transaction that occurred 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 sale, the vice president now directly owns 7,702 shares of the company's stock, valued at approximately $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock worth $1,078,058 over the last 90 days. Company insiders own 0.34% of the company's stock.

WEC Energy Group Stock Down 1.6 %

Shares of WEC Energy Group stock traded down $1.62 on Friday, reaching $97.19. 1,693,897 shares of the company were exchanged, compared to its average volume of 2,144,116. WEC Energy Group, Inc. has a one year low of $75.13 and a one year high of $100.31. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $94.97 and a 200 day moving average of $86.51. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.54 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, November 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 72.93%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America increased their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Scotiabank boosted their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a "market perform" rating in a research note on Friday, August 23rd. Finally, Barclays lifted their price target on WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $94.45.

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.