William J. Guc Sells 4,481 Shares of WEC Energy Group Inc (WEC) Stock

WEC Energy Group Inc (NYSE:WEC) VP William J. Guc sold 4,481 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.10, for a total transaction of $349,966.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

WEC opened at $77.47 on Friday. The firm has a market cap of $24.72 billion, a P/E ratio of 23.19, a PEG ratio of 5.04 and a beta of 0.16. WEC Energy Group Inc has a twelve month low of $58.48 and a twelve month high of $80.05. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.08. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.41 billion. WEC Energy Group had a net margin of 13.81% and a return on equity of 10.87%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Equities analysts forecast that WEC Energy Group Inc will post 3.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, May 13th. WEC Energy Group’s dividend payout ratio is currently 70.66%.

Several research firms have recently issued reports on WEC. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Credit Suisse Group increased their price objective on shares of WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Goldman Sachs Group lowered shares of WEC Energy Group from a “neutral” rating to a “sell” rating and lowered their price target for the company from $71.00 to $70.00 in a report on Monday, April 8th. Argus raised their price target on shares of WEC Energy Group to $85.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Wolfe Research set a $77.00 price target on shares of WEC Energy Group and gave the company a “sell” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.33.

Hedge funds have recently made changes to their positions in the business. Blue Sky Asset Management LLC acquired a new position in WEC Energy Group during the 1st quarter worth $25,000. Essex Investment Management Co. LLC acquired a new position in WEC Energy Group during the 4th quarter worth $30,000. We Are One Seven LLC acquired a new position in WEC Energy Group during the 4th quarter worth $30,000. ERTS Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter worth $30,000. Finally, Arbor Wealth Management LLC acquired a new position in WEC Energy Group during the 4th quarter worth $32,000. 74.95% of the stock is owned by institutional investors.

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WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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