WEC Energy Group Inc (WEC) Chairman Sells $734,644.12 in Stock

WEC Energy Group Inc (NYSE:WEC) Chairman Gale E. Klappa sold 9,044 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $81.23, for a total value of $734,644.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Gale E. Klappa also recently made the following trade(s):

  • On Monday, May 20th, Gale E. Klappa sold 52,306 shares of WEC Energy Group stock. The stock was sold at an average price of $81.31, for a total value of $4,253,000.86.
  • On Thursday, February 21st, Gale E. Klappa sold 60,000 shares of WEC Energy Group stock. The stock was sold at an average price of $75.51, for a total value of $4,530,600.00.
  • On Friday, February 22nd, Gale E. Klappa sold 130,784 shares of WEC Energy Group stock. The stock was sold at an average price of $75.94, for a total value of $9,931,736.96.
  • On Wednesday, February 20th, Gale E. Klappa sold 49,526 shares of WEC Energy Group stock. The stock was sold at an average price of $74.94, for a total value of $3,711,478.44.

Shares of NYSE WEC opened at $80.86 on Wednesday. WEC Energy Group Inc has a 52 week low of $58.48 and a 52 week high of $81.91. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The company has a market cap of $25.52 billion, a P/E ratio of 24.21, a P/E/G ratio of 5.04 and a beta of 0.16.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.25 by $0.08. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that WEC Energy Group Inc will post 3.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 14th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $2.36 annualized dividend and a yield of 2.92%. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.66%.

A number of hedge funds and other institutional investors have recently modified their holdings of WEC. Worldquant Millennium Quantitative Strategies LLC raised its stake in WEC Energy Group by 31.0% in the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 39,892 shares of the utilities provider’s stock valued at $2,763,000 after buying an additional 9,448 shares during the period. Executive Wealth Management LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $98,000. Empire Life Investments Inc. raised its stake in WEC Energy Group by 25.4% in the first quarter. Empire Life Investments Inc. now owns 199,484 shares of the utilities provider’s stock valued at $15,775,000 after buying an additional 40,412 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of WEC Energy Group by 1.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 155,548 shares of the utilities provider’s stock worth $10,773,000 after purchasing an additional 1,955 shares during the period. Finally, JNBA Financial Advisors bought a new position in WEC Energy Group during the 4th quarter worth $100,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

WEC has been the subject of several recent research reports. Zacks Investment Research cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Wells Fargo & Co upped their price objective on WEC Energy Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Scotiabank cut WEC Energy Group from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $76.00 to $78.00 in a research report on Wednesday, May 8th. Credit Suisse Group upped their price objective on WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Finally, Argus upped their price objective on WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. 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. WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $74.33.

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About WEC Energy Group

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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Insider Buying and Selling by Quarter for WEC Energy Group (NYSE:WEC)

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