WEC Energy Group, Inc. (NYSE:WEC) Director Sells $2,715,500.00 in Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $103.74 on Friday. The business has a fifty day moving average of $99.78 and a 200 day moving average of $97.38. WEC Energy Group, Inc. has a 1 year low of $77.47 and a 1 year high of $108.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market capitalization of $32.76 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WEC. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, KeyCorp upped their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Institutional Trading of WEC Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC lifted its position in WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 268 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in WEC Energy Group during the 4th quarter worth about $28,000. Coastline Trust Co purchased a new position in shares of WEC Energy Group during the 3rd quarter valued at about $29,000. Hoey Investments Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of WEC Energy Group in the third quarter worth about $45,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

About WEC Energy Group

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