WEC Energy Group Inc (NYSE:WEC) insider Gale E. Klappa sold 61,350 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $81.30, for a total transaction of $4,987,755.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Friday, May 17th, Gale E. Klappa sold 9,044 shares of WEC Energy Group stock. The stock was sold at an average price of $81.23, for a total transaction of $734,644.12.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $3,711,478.44.

NYSE:WEC opened at $81.76 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 5.04 and a beta of 0.16. WEC Energy Group Inc has a fifty-two week low of $58.48 and a fifty-two week high of $81.91.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.08. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.41 billion. WEC Energy Group had a net margin of 13.81% and a return on equity of 10.87%. WEC Energy Group’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities analysts predict that WEC Energy Group Inc will post 3.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, May 13th. WEC Energy Group’s dividend payout ratio is presently 70.66%.

Hedge funds have recently modified their holdings of the company. Blue Sky Asset Management LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $25,000. Essex Investment Management Co. LLC purchased a new position in shares of WEC Energy Group in the 4th quarter valued at $30,000. We Are One Seven LLC purchased a new position in shares of WEC Energy Group in the 4th quarter valued at $30,000. ERTS Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the 4th quarter valued at $30,000. Finally, Arbor Wealth Management LLC purchased a new position in shares of WEC Energy Group in the 4th quarter valued at $32,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on WEC. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Credit Suisse Group raised their target price 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 downgraded shares of WEC Energy Group from a “neutral” rating to a “sell” rating and cut their price target for the stock from $71.00 to $70.00 in a research note on Monday, April 8th. Argus increased their price target on shares of WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Wolfe Research set a $77.00 price target on shares of WEC Energy Group and gave the stock a “sell” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.33.

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

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