WEC Energy Group Inc. (NYSE:WEC)’s share price dropped 0.1% during mid-day trading on Friday . The company traded as low as $63.52 and last traded at $64.30, with a volume of 815,561 shares. The stock had previously closed at $64.38.

WEC has been the subject of a number of research reports. Deutsche Bank AG reissued a “hold” rating and issued a $61.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 19th. US Capital Advisors downgraded shares of WEC Energy Group from an “overweight” rating to a “hold” rating in a research note on Thursday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. WEC Energy Group presently has a consensus rating of “Hold” and a consensus target price of $57.25.

The company’s 50 day moving average price is $62.21 and its 200-day moving average price is $57.99. The stock has a market cap of $20.53 billion and a PE ratio of 24.35.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.55 million. During the same period in the prior year, the firm posted $0.90 earnings per share. WEC Energy Group’s revenue for the quarter was up 58.1% on a year-over-year basis. On average, equities analysts forecast that WEC Energy Group Inc. will post $2.93 EPS for the current year.

In other WEC Energy Group news, Director Gale E. Klappa sold 15,628 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $60.39, for a total value of $943,774.92. Following the completion of the sale, the director now directly owns 164,455 shares of the company’s stock, valued at approximately $9,931,437.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gale E. Klappa sold 22,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $61.53, for a total transaction of $1,353,660.00. Following the completion of the sale, the director now directly owns 170,827 shares of the company’s stock, valued at $10,510,985.31. The disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in the stock. Mizuho Trust & Banking Co. Ltd. boosted its stake in WEC Energy Group by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 472,716 shares of the company’s stock valued at $24,690,000 after buying an additional 3,091 shares during the period. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 27,468,444 shares of the company’s stock valued at $1,409,407,000 after buying an additional 752,914 shares during the period. Bar Harbor Trust Services bought a new stake in WEC Energy Group during the fourth quarter valued at about $6,137,000. OppenheimerFunds Inc. boosted its stake in WEC Energy Group by 5.6% in the fourth quarter. OppenheimerFunds Inc. now owns 422,242 shares of the company’s stock valued at $21,671,000 after buying an additional 22,469 shares during the period. Finally, Shell Asset Management Co. bought a new stake in WEC Energy Group during the fourth quarter valued at about $5,400,000.

WEC Energy Group, Inc, formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan.

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