WEC Energy Group, Inc. (WEC) VP Scott J. Lauber Sells 1,240 Shares of Stock
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%.
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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.
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