WEC Energy Group Inc. (NYSE:WEC) shares saw unusually-strong trading volume on Tuesday . Approximately 1,556,767 shares were traded during trading, an increase of 3% from the previous session’s volume of 1,515,839 shares.The stock last traded at $60.48 and had previously closed at $61.17.

A number of research analysts have issued reports on WEC shares. Argus restated a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of WEC Energy Group in a research note on Tuesday, August 2nd. Deutsche Bank AG restated a “hold” rating and set a $61.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $58.25.

The stock has a 50 day moving average price of $63.98 and a 200 day moving average price of $60.20. The stock has a market cap of $18.94 billion and a PE ratio of 21.43.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $2.03 billion. The firm’s revenue was up 61.7% compared to the same quarter last year. On average, analysts anticipate that WEC Energy Group Inc. will post $2.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.98 annualized dividend and a dividend yield of 3.30%.

In other news, VP Joan M. Shafer sold 15,990 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $58.67, for a total transaction of $938,133.30. Following the completion of the sale, the vice president now owns 23,831 shares in the company, valued at approximately $1,398,164.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 15,628 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $60.39, for a total transaction of $943,774.92. Following the sale, the director now owns 164,455 shares of the company’s stock, valued at approximately $9,931,437.45. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of WEC. Investment Management of Virginia LLC boosted its position in shares of WEC Energy Group by 0.5% in the fourth quarter. Investment Management of Virginia LLC now owns 25,185 shares of the company’s stock worth $1,292,000 after buying an additional 125 shares during the last quarter. Oarsman Capital Inc. boosted its position in shares of WEC Energy Group by 0.5% in the fourth quarter. Oarsman Capital Inc. now owns 33,199 shares of the company’s stock worth $1,703,000 after buying an additional 160 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in shares of WEC Energy Group by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 301,000 shares of the company’s stock worth $15,444,000 after buying an additional 1,000 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of WEC Energy Group by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 447,288 shares of the company’s stock worth $22,951,000 after buying an additional 8,644 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of WEC Energy Group by 31.2% in the fourth quarter. Victory Capital Management Inc. now owns 49,663 shares of the company’s stock worth $2,548,000 after buying an additional 11,811 shares during the last quarter.

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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