WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now directly owns 273,248 shares of the company's stock, valued at $27,160,851.20. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
WEC Energy Group Price Performance
Shares of NYSE:WEC opened at $99.26 on Thursday. WEC Energy Group, Inc. has a twelve month low of $75.13 and a twelve month high of $100.31. The stock's 50 day moving average is $96.48 and its 200-day moving average is $88.64. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.69 and a beta of 0.44.
WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company earned $1.00 earnings per share. The company's revenue for the quarter was down 4.8% on a year-over-year basis. Sell-side analysts forecast that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.
WEC Energy Group Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.34 annualized dividend and a yield of 3.36%. WEC Energy Group's payout ratio is currently 81.66%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on WEC shares. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Barclays lifted their target price on WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research report on Monday, October 7th. StockNews.com raised WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. KeyCorp raised their price target on WEC Energy Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group assumed coverage on WEC Energy Group in a report on Thursday, September 19th. They issued a "hold" rating and a $102.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $94.45.
Check Out Our Latest Stock Report on WEC
Institutional Investors Weigh In On WEC Energy Group
Several large investors have recently modified their holdings of WEC. Global X Japan Co. Ltd. grew its stake in shares of WEC Energy Group by 58.1% during the 2nd 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 during the period. Olistico Wealth LLC purchased a new stake in WEC Energy Group during the second quarter valued at about $29,000. Coastline Trust Co bought a new position in WEC Energy Group during the third quarter worth about $29,000. William B. Walkup & Associates Inc. purchased a new position in shares of WEC Energy Group in the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of WEC Energy Group in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.20% of the company's stock.
WEC Energy Group Company Profile
(
Get Free Report)
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.
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