WEC Energy Group, Inc. (NYSE:WEC) VP Sells $31,412.50 in Stock

WEC Energy Group, Inc. (NYSE:WEC) VP Joshua M. Erickson sold 350 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now owns 2,377 shares in the company, valued at $213,335.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WEC Energy Group Stock Performance

Shares of WEC traded up $0.40 during mid-day trading on Wednesday, hitting $88.87. 269,650 shares of the company’s stock were exchanged, compared to its average volume of 2,163,622. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $28.09 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.33 and a beta of 0.41. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $92.23. The business’s 50 day moving average is $80.81 and its two-hundred day moving average is $80.76.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities analysts expect that WEC Energy Group, Inc. will post 4.88 earnings per share for the current year.

WEC Energy Group Announces Dividend

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 issued 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 3.76%. WEC Energy Group’s dividend payout ratio (DPR) is presently 72.93%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Northwest Bank & Trust Co purchased a new position in WEC Energy Group in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new position in WEC Energy Group in the first quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new position in WEC Energy Group in the fourth quarter valued at about $26,000. Olistico Wealth LLC purchased a new position in WEC Energy Group in the second quarter valued at about $29,000. Finally, First United Bank & Trust purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $30,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on WEC Energy Group from $87.00 to $91.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp cut their price objective on WEC Energy Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Barclays increased their target price on WEC Energy Group from $80.00 to $86.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Scotiabank dropped their target price on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $87.31.

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.