WEC Energy Group, Inc. (NYSE:WEC) VP Sells $557,940.00 in Stock

WEC Energy Group, Inc. (NYSE:WEC) VP William J. Guc sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now directly owns 7,702 shares of the company’s stock, valued at $716,208.98. The sale was disclosed in a document filed with the SEC, which is available through this link.

WEC Energy Group Stock Performance

NYSE WEC traded down $0.29 during trading on Thursday, reaching $92.50. The company’s stock had a trading volume of 844,643 shares, compared to its average volume of 2,177,631. The firm has a 50 day moving average price of $84.00 and a 200 day moving average price of $81.91. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $93.78. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.41.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was down 3.2% on a year-over-year basis. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Institutional Trading of WEC Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT lifted its position in WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock worth $474,000 after buying an additional 117 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in WEC Energy Group by 58.1% in the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of WEC Energy Group by 0.4% during the fourth quarter. N.E.W. Advisory Services LLC now owns 36,086 shares of the utilities provider’s stock worth $3,037,000 after purchasing an additional 132 shares during the period. Diversified Trust Co lifted its holdings in WEC Energy Group by 2.7% in the first quarter. Diversified Trust Co now owns 5,099 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 134 shares during the period. Finally, Wesbanco Bank Inc. increased its position in shares of WEC Energy Group by 2.0% in the first quarter. Wesbanco Bank Inc. now owns 6,869 shares of the utilities provider’s stock valued at $564,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WEC. BMO Capital Markets lifted their price target on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. KeyCorp dropped their target price on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Barclays lifted their target price on shares of WEC Energy Group from $80.00 to $86.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Bank of America boosted their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday. Finally, StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.77.

WEC Energy Group Company Profile

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.