WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa sold 32,148 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $64.77, for a total value of $2,082,225.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gale E. Klappa also recently made the following trade(s):
- On Wednesday, August 16th, Gale E. Klappa sold 100,500 shares of WEC Energy Group stock. The shares were sold at an average price of $64.42, for a total value of $6,474,210.00.
Shares of WEC Energy Group, Inc. (WEC) opened at 64.74 on Tuesday. WEC Energy Group, Inc. has a 52 week low of $53.66 and a 52 week high of $64.94. The firm has a market capitalization of $20.43 billion, a P/E ratio of 21.23 and a beta of 0.11. The stock’s 50 day moving average price is $62.85 and its 200 day moving average price is $61.30.
WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 10th. WEC Energy Group’s dividend payout ratio is 68.42%.
Several research analysts have commented on WEC shares. BidaskClub raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Ladenburg Thalmann Financial Services raised their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Wolfe Research reissued a “peer perform” rating on shares of WEC Energy Group in a research report on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. WEC Energy Group currently has an average rating of “Hold” and an average target price of $62.86.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEC. Oakworth Capital Inc. raised its position in WEC Energy Group by 8.8% in the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock worth $100,000 after buying an additional 132 shares in the last quarter. Trust Co. of Vermont raised its position in WEC Energy Group by 12.1% in the first quarter. Trust Co. of Vermont now owns 1,737 shares of the utilities provider’s stock worth $106,000 after buying an additional 187 shares in the last quarter. Delphi Private Advisors LLC raised its position in WEC Energy Group by 182.3% in the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,276 shares in the last quarter. Country Trust Bank raised its position in WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after buying an additional 112 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in WEC Energy Group during the second quarter worth $132,000. 70.78% of the stock is owned by hedge funds and other institutional investors.
WEC Energy Group Company Profile
WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.
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