WEC Energy Group, Inc. (NYSE:WEC) VP Mary Beth Straka Sells 3,240 Shares

WEC Energy Group, Inc. (NYSE:WEC) VP Mary Beth Straka sold 3,240 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at approximately $340,712.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

WEC Energy Group Trading Up 0.6 %

WEC Energy Group stock opened at $93.63 on Wednesday. WEC Energy Group, Inc. has a 52-week low of $75.13 and a 52-week high of $94.21. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.39 and a beta of 0.44. The firm has a 50-day moving average price of $85.45 and a two-hundred day moving average price of $82.46.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th were paid a $0.835 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.57%. WEC Energy Group’s payout ratio is 72.93%.

Analyst Upgrades and Downgrades

WEC has been the subject of several research analyst reports. Barclays boosted their price objective on WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. KeyCorp lowered their price target on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Bank of America raised their price objective on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. StockNews.com lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Scotiabank raised their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $89.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Confluence Investment Management LLC bought a new position in WEC Energy Group in the 1st quarter valued at about $127,945,000. Clearbridge Investments LLC increased its stake in shares of WEC Energy Group by 763.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,332,587 shares of the utilities provider’s stock valued at $112,164,000 after acquiring an additional 1,178,270 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of WEC Energy Group by 93.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,665,038 shares of the utilities provider’s stock valued at $140,146,000 after acquiring an additional 803,718 shares during the period. American Century Companies Inc. raised its holdings in WEC Energy Group by 36.7% during the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after purchasing an additional 688,812 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in WEC Energy Group by 36.0% in the first quarter. Earnest Partners LLC now owns 1,748,141 shares of the utilities provider’s stock worth $143,557,000 after purchasing an additional 462,646 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

About WEC Energy Group

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.