WEC Energy Group Inc (NYSE:WEC) VP Scott J. Lauber sold 1,240 shares of WEC Energy Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total transaction of $86,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Scott J. Lauber also recently made the following trade(s):
- On Wednesday, August 23rd, Scott J. Lauber sold 1,500 shares of WEC Energy Group stock. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00.
WEC Energy Group Inc (NYSE:WEC) opened at $69.14 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38. The firm has a market cap of $21,926.20, a P/E ratio of 22.85, a PEG ratio of 4.21 and a beta of 0.15. WEC Energy Group Inc has a 52-week low of $54.96 and a 52-week high of $70.09.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business 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 company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. analysts forecast that WEC Energy Group Inc will post 3.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, November 13th. WEC Energy Group’s dividend payout ratio is presently 68.42%.
Large investors have recently bought and sold shares of the company. FMR LLC grew its holdings in WEC Energy Group by 0.6% in the first quarter. FMR LLC now owns 185,405 shares of the utilities provider’s stock valued at $11,241,000 after purchasing an additional 1,155 shares during the period. Dimensional Fund Advisors LP grew its holdings in WEC Energy Group by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 709,619 shares of the utilities provider’s stock valued at $43,023,000 after purchasing an additional 34,005 shares during the period. Capital One National Association purchased a new stake in WEC Energy Group in the second quarter valued at approximately $204,000. Atria Investments LLC purchased a new stake in WEC Energy Group in the second quarter valued at approximately $250,000. Finally, NN Investment Partners Holdings N.V. grew its holdings in WEC Energy Group by 28.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 35,619 shares of the utilities provider’s stock valued at $2,186,000 after purchasing an additional 7,987 shares during the period. 72.59% of the stock is owned by institutional investors and hedge funds.
WEC has been the subject of a number of research reports. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Finally, Bank of America initiated coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.43.
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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.
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