WEC Energy Group, Inc. (NYSE:WEC) VP William J. Guc Sells 6,000 Shares

WEC Energy Group, Inc. (NYSE:WEC) VP William J. Guc sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

WEC Energy Group Price Performance

WEC Energy Group stock traded down $0.29 during trading on Thursday, reaching $92.50. The company had a trading volume of 844,643 shares, compared to its average volume of 2,177,631. The firm’s 50-day simple moving average is $84.00 and its 200 day simple moving average is $81.91. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market capitalization of $29.24 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.41. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $93.78.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.88 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 14th will be given a $0.835 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.61%. WEC Energy Group’s payout ratio is currently 72.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Scotiabank raised their price objective on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, KeyCorp dropped their price objective on shares of WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $89.77.

Institutional Trading of WEC Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of WEC. Northern Trust Corp increased its stake in WEC Energy Group by 2.9% in the fourth quarter. Northern Trust Corp now owns 4,071,148 shares of the utilities provider’s stock valued at $342,669,000 after purchasing an additional 116,219 shares during the last quarter. American Century Companies Inc. raised its position in WEC Energy Group by 36.7% in the second quarter. American Century Companies Inc. now owns 2,566,001 shares of the utilities provider’s stock worth $201,328,000 after acquiring an additional 688,812 shares in the last quarter. Earnest Partners LLC raised its position in WEC Energy Group by 11.8% in the second quarter. Earnest Partners LLC now owns 1,954,778 shares of the utilities provider’s stock worth $153,372,000 after acquiring an additional 206,637 shares in the last quarter. Envestnet Asset Management Inc. raised its position in WEC Energy Group by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,782,939 shares of the utilities provider’s stock worth $139,889,000 after acquiring an additional 61,019 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in WEC Energy Group by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,777,770 shares of the utilities provider’s stock worth $149,635,000 after acquiring an additional 51,540 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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.