WEC Energy Group, Inc. (WEC) Chairman Gale E. Klappa Sells 52,722 Shares

WEC Energy Group, Inc. (NYSE:WEC) Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, August 23rd, Gale E. Klappa sold 10,410 shares of WEC Energy Group stock. The shares were sold at an average price of $65.03, for a total transaction of $676,962.30.
  • On Thursday, August 24th, Gale E. Klappa sold 12,632 shares of WEC Energy Group stock. The shares were 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 shares were 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 shares were sold at an average price of $64.77, for a total transaction of $2,082,225.96.

Shares of WEC Energy Group, Inc. (NYSE WEC) traded up $0.01 during mid-day trading on Friday, hitting $68.77. 1,250,900 shares of the stock were exchanged, compared to its average volume of 1,651,710. WEC Energy Group, Inc. has a 52-week low of $54.90 and a 52-week high of $70.09. The company has a market capitalization of $21,560.00, a price-to-earnings ratio of 22.62, a PEG ratio of 4.33 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. sell-side analysts forecast that WEC Energy Group, Inc. will post 3.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.08 annualized dividend and a yield of 3.02%. WEC Energy Group’s dividend payout ratio (DPR) is 68.42%.

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A number of analysts have weighed in on the stock. Bank of America Corporation raised their price objective on shares of WEC Energy Group from $69.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday. BidaskClub lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Finally, KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.43.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. grew its position in WEC Energy Group by 8.8% during the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after buying an additional 132 shares during the period. Cable Hill Partners LLC grew its position in WEC Energy Group by 3,307.8% during the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,687 shares during the period. Delphi Private Advisors LLC grew its position in WEC Energy Group by 182.3% during the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock valued at $120,000 after buying an additional 1,276 shares during the period. Country Trust Bank grew its position in WEC Energy Group by 5.7% during the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after buying an additional 112 shares during the period. Finally, Captrust Financial Advisors bought a new stake in WEC Energy Group during the second quarter valued at approximately $132,000. Institutional investors own 70.30% 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.

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

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