WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa sold 10,410 shares of WEC Energy Group stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.03, for a total transaction of $676,962.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Gale E. Klappa also recently made the following trade(s):
- On Thursday, August 24th, Gale E. Klappa sold 12,632 shares of WEC Energy Group stock. The stock was sold at an average price of $65.04, for a total transaction of $821,585.28.
- On Monday, August 21st, Gale E. Klappa sold 10,000 shares of WEC Energy Group stock. The stock was sold at an average price of $64.86, for a total transaction of $648,600.00.
- 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.
Shares of WEC Energy Group, Inc. (WEC) traded up 0.28% during trading on Friday, hitting $65.10. 1,259,059 shares of the stock traded hands. The company has a market cap of $20.54 billion, a P/E ratio of 21.34 and a beta of 0.11. The stock has a 50-day moving average of $63.13 and a 200 day moving average of $61.40. WEC Energy Group, Inc. has a 1-year low of $53.66 and a 1-year high of $65.46.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 3.20%. WEC Energy Group’s payout ratio is 68.42%.
WEC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services boosted their target price on shares of WEC Energy Group from $62.00 to $65.00 and gave the company 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.86.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hudock Capital Group LLC increased its position in WEC Energy Group by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,305 shares of the utilities provider’s stock valued at $261,000 after buying an additional 17 shares during the last quarter. Enterprise Financial Services Corp increased its position in WEC Energy Group by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 2,822 shares of the utilities provider’s stock worth $171,000 after buying an additional 22 shares in the last quarter. Arvest Bank Trust Division increased its position in WEC Energy Group by 0.7% in the second quarter. Arvest Bank Trust Division now owns 4,147 shares of the utilities provider’s stock worth $255,000 after buying an additional 27 shares in the last quarter. Buckingham Asset Management LLC increased its position in WEC Energy Group by 0.9% in the first quarter. Buckingham Asset Management LLC now owns 3,992 shares of the utilities provider’s stock worth $242,000 after buying an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in WEC Energy Group by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock worth $459,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.
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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