WEC Energy Group, Inc. (NYSE:WEC) CEO Scott J. Lauber Sells 6,720 Shares

WEC Energy Group, Inc. (NYSE:WEC) CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $101.36 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $96.80 and a 200-day moving average price of $89.02. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.73 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $101.59.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $1.00 EPS. WEC Energy Group’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 4.87 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s payout ratio is 81.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WEC. Synovus Financial Corp lifted its position in shares of WEC Energy Group by 4.7% in the 3rd quarter. Synovus Financial Corp now owns 2,980 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 135 shares during the period. Tidal Investments LLC raised its stake in WEC Energy Group by 3.9% in the third quarter. Tidal Investments LLC now owns 4,428 shares of the utilities provider’s stock worth $426,000 after buying an additional 166 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in WEC Energy Group by 238.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 12,421 shares of the utilities provider’s stock worth $1,195,000 after buying an additional 8,751 shares during the period. World Investment Advisors LLC boosted its position in WEC Energy Group by 15.6% during the 3rd quarter. World Investment Advisors LLC now owns 21,075 shares of the utilities provider’s stock valued at $2,027,000 after acquiring an additional 2,845 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of WEC Energy Group by 15.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 91,034 shares of the utilities provider’s stock worth $9,164,000 after acquiring an additional 11,949 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEC. Bank of America raised their price target on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. BMO Capital Markets upped their target price on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Barclays lifted their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Finally, Scotiabank upped their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average target price of $94.45.

WEC Energy Group Company Profile

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