WEC Energy Group Inc (NYSE:WEC) Director Sells $16,366.79 in Stock

WEC Energy Group Inc (NYSE:WEC) Director Curt S. Culver sold 191 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $85.69, for a total transaction of $16,366.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Curt S. Culver also recently made the following trade(s):

  • On Tuesday, July 9th, Curt S. Culver acquired 367 shares of WEC Energy Group stock. The shares were purchased at an average price of $85.30 per share, with a total value of $31,305.10.

Shares of WEC Energy Group stock traded down $2.20 on Friday, hitting $93.13. The company had a trading volume of 4,625,305 shares, compared to its average volume of 1,730,509. The firm has a market capitalization of $30.80 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.50 and a beta of 0.05. WEC Energy Group Inc has a twelve month low of $64.96 and a twelve month high of $98.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a 50-day moving average of $90.20 and a 200-day moving average of $82.55.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.65 billion. WEC Energy Group had a net margin of 14.24% and a return on equity of 11.00%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. Equities analysts predict that WEC Energy Group Inc will post 3.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 14th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, August 13th. WEC Energy Group’s dividend payout ratio is presently 70.66%.

Hedge funds have recently made changes to their positions in the company. First Heartland Consultants Inc. lifted its position in shares of WEC Energy Group by 4.3% in the second quarter. First Heartland Consultants Inc. now owns 12,594 shares of the utilities provider’s stock worth $1,050,000 after purchasing an additional 522 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of WEC Energy Group by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 194,017 shares of the utilities provider’s stock worth $16,175,000 after purchasing an additional 7,864 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of WEC Energy Group by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,538,725 shares of the utilities provider’s stock worth $211,653,000 after purchasing an additional 10,892 shares in the last quarter. M Holdings Securities Inc. lifted its position in shares of WEC Energy Group by 574.7% in the first quarter. M Holdings Securities Inc. now owns 27,001 shares of the utilities provider’s stock worth $2,135,000 after purchasing an additional 22,999 shares in the last quarter. Finally, GWM Advisors LLC lifted its position in shares of WEC Energy Group by 8.6% in the first quarter. GWM Advisors LLC now owns 184,081 shares of the utilities provider’s stock worth $569,000 after purchasing an additional 14,597 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

WEC has been the subject of a number of analyst reports. Bank of America cut shares of WEC Energy Group from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $82.00 to $85.00 in a report on Monday, June 24th. Credit Suisse Group cut shares of WEC Energy Group from a “neutral” rating to an “underperform” rating and upped their price target for the company from $84.00 to $85.00 in a report on Tuesday, August 6th. They noted that the move was a valuation call. Guggenheim cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. KeyCorp began coverage on shares of WEC Energy Group in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Finally, UBS Group upped their price target on shares of WEC Energy Group from $87.00 to $94.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.09.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

Read More: Equity Income

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

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