WEC Energy Group, Inc. (NYSE:WEC) VP Scott J. Lauber sold 1,240 shares of WEC Energy Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total value of $86,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were sold at an average price of $65.00, for a total value of $97,500.00.

WEC Energy Group, Inc. (NYSE WEC) traded down $0.58 during mid-day trading on Friday, hitting $68.19. The stock had a trading volume of 1,102,754 shares, compared to its average volume of 1,649,273. The company has a market capitalization of $21,700.00, a P/E ratio of 22.87, a P/E/G ratio of 4.37 and a beta of 0.15. WEC Energy Group, Inc. has a 12 month low of $54.96 and a 12 month high of $70.09. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. analysts predict that WEC Energy Group, Inc. will post 3.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.05%. WEC Energy Group’s payout ratio is currently 68.42%.

TRADEMARK VIOLATION NOTICE: “WEC Energy Group, Inc. (WEC) VP Scott J. Lauber Sells 1,240 Shares of Stock” was first published by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/11/18/wec-energy-group-inc-wec-vp-scott-j-lauber-sells-1240-shares-of-stock.html.

WEC has been the subject of several research analyst reports. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, October 27th. Finally, Bank of America Corporation initiated coverage on WEC Energy Group in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $65.43.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of WEC Energy Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock worth $2,023,235,000 after acquiring an additional 795,189 shares during the last quarter. BlackRock Inc. increased its holdings in WEC Energy Group by 0.3% in the second quarter. BlackRock Inc. now owns 25,921,375 shares of the utilities provider’s stock valued at $1,591,055,000 after purchasing an additional 82,376 shares during the last quarter. Wells Fargo & Company MN increased its holdings in WEC Energy Group by 36.6% in the third quarter. Wells Fargo & Company MN now owns 7,366,777 shares of the utilities provider’s stock valued at $462,486,000 after purchasing an additional 1,972,929 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in WEC Energy Group by 8.6% in the second quarter. Epoch Investment Partners Inc. now owns 6,212,698 shares of the utilities provider’s stock valued at $381,336,000 after purchasing an additional 492,379 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in WEC Energy Group by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 5,762,776 shares of the utilities provider’s stock valued at $353,718,000 after purchasing an additional 103,009 shares during the last quarter. Institutional investors own 70.30% of the company’s stock.

About WEC Energy Group

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.

Insider Buying and Selling by Quarter for WEC Energy Group (NYSE:WEC)

Receive News & Ratings for WEC Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.