WEC Energy Group, Inc. (NYSE:WEC) CEO Scott J. Lauber Sells 6,720 Shares

WEC Energy Group, Inc. (NYSE:WEC) CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $101.83 on Thursday. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company’s 50-day moving average is $97.05 and its 200 day moving average is $89.22. The stock has a market capitalization of $32.21 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.75 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. WEC Energy Group’s quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 14th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WEC shares. Bank of America boosted their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. KeyCorp boosted their price target on shares of WEC Energy Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group started coverage on shares of WEC Energy Group in a research note on Thursday, September 19th. They issued a “hold” rating and a $102.00 price target for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average price target of $94.45.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Czech National Bank grew its holdings in WEC Energy Group by 7.0% in the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock worth $6,193,000 after purchasing an additional 4,205 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of WEC Energy Group by 2,949.7% in the second quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider’s stock worth $18,204,000 after buying an additional 224,410 shares in the last quarter. Atria Investments Inc lifted its stake in shares of WEC Energy Group by 13.8% in the third quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after buying an additional 7,646 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of WEC Energy Group by 35.0% in the second quarter. RFG Advisory LLC now owns 29,446 shares of the utilities provider’s stock worth $2,310,000 after buying an additional 7,640 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of WEC Energy Group by 359.5% in the first quarter. Cetera Investment Advisers now owns 115,116 shares of the utilities provider’s stock worth $9,453,000 after buying an additional 90,062 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

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.