WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa Sells 25,000 Shares of Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

WEC Energy Group Stock Performance

WEC opened at $104.58 on Thursday. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.60 and a beta of 0.45. The company has a fifty day moving average of $99.61 and a 200 day moving average of $97.33. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $108.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WEC Energy Group

Several institutional investors have recently bought and sold shares of WEC. MJP Associates Inc. ADV grew its stake in shares of WEC Energy Group by 3.4% in the 4th quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider’s stock worth $284,000 after buying an additional 98 shares in the last quarter. Marshall Financial Group LLC grew its stake in shares of WEC Energy Group by 4.8% in the 4th quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after buying an additional 100 shares in the last quarter. Horizon Investments LLC grew its stake in shares of WEC Energy Group by 1.9% in the 4th quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock worth $553,000 after buying an additional 109 shares in the last quarter. Wealth Alliance grew its stake in shares of WEC Energy Group by 0.8% in the 4th quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock worth $1,325,000 after buying an additional 110 shares in the last quarter. Finally, Advisor OS LLC grew its stake in shares of WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after buying an additional 110 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WEC shares. BMO Capital Markets increased their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.88.

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.