WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $64.86, for a total transaction of $648,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Gale E. Klappa also recently made the following trade(s):
- On Friday, August 18th, Gale E. Klappa sold 32,148 shares of WEC Energy Group stock. The stock was sold at an average price of $64.77, for a total transaction of $2,082,225.96.
- On Wednesday, August 16th, Gale E. Klappa sold 100,500 shares of WEC Energy Group stock. The stock was sold at an average price of $64.42, for a total transaction of $6,474,210.00.
WEC Energy Group, Inc. (NYSE WEC) traded up 0.31% during midday trading on Wednesday, reaching $65.05. The company’s stock had a trading volume of 1,376,371 shares. The firm has a market capitalization of $20.53 billion, a PE ratio of 21.33 and a beta of 0.11. The firm has a 50 day moving average price of $62.85 and a 200 day moving average price of $61.30. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $65.11.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $0.57 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 3.21%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.
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A number of institutional investors have recently bought and sold shares of the company. 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 during the period. 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 during the period. 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 during the period. 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 during the period. Finally, Captrust Financial Advisors bought a new position in WEC Energy Group during the second quarter worth approximately $132,000. Hedge funds and other institutional investors own 70.78% of the company’s stock.
A number of analysts have recently weighed in on WEC shares. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. BidaskClub raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Ladenburg Thalmann Financial Services raised their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $62.86.
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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