Insider Selling: WEC Energy Group, Inc. (NYSE:WEC) Director Sells 25,000 Shares of Stock

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WEC Energy Group Price Performance

WEC Energy Group stock traded up $3.09 during midday trading on Friday, reaching $106.89. 3,884,535 shares of the company were exchanged, compared to its average volume of 2,281,444. 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, Inc. has a 1 year low of $77.47 and a 1 year high of $108.87. The company has a market capitalization of $33.76 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.60 and a beta of 0.45. The firm's 50-day simple moving average is $100.03 and its 200-day simple moving average is $97.49.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

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Institutional Trading of WEC Energy Group

A number of institutional investors have recently modified their holdings of WEC. Stephens Inc. AR grew its holdings in shares of WEC Energy Group by 34.4% during the 3rd quarter. Stephens Inc. AR now owns 4,906 shares of the utilities provider's stock worth $472,000 after purchasing an additional 1,257 shares during the period. Farther Finance Advisors LLC raised its position in shares of WEC Energy Group by 3.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,677 shares of the utilities provider's stock valued at $642,000 after purchasing an additional 250 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of WEC Energy Group in the 3rd quarter valued at approximately $389,000. Janney Montgomery Scott LLC raised its position in shares of WEC Energy Group by 14.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 69,286 shares of the utilities provider's stock valued at $6,664,000 after purchasing an additional 8,628 shares in the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new position in shares of WEC Energy Group in the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of recent analyst reports. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp lifted their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price target on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $101.88.

About WEC Energy Group

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.