WEC Energy Group, Inc. (NYSE:WEC) Director Ulice Payne, Jr. Sells 1,150 Shares

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now directly owns 21,951 shares of the company's stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

WEC Energy Group Stock Up 1.1 %

WEC Energy Group stock traded up $1.13 during trading hours on Friday, reaching $106.73. The stock had a trading volume of 2,614,654 shares, compared to its average volume of 2,209,188. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.60 and a beta of 0.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The business's 50 day moving average price is $98.94 and its 200-day moving average price is $96.93. WEC Energy Group, Inc. has a 52 week low of $76.78 and a 52 week high of $107.14.

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

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.13%. WEC Energy Group's dividend payout ratio (DPR) is currently 73.91%.

Hedge Funds Weigh In On WEC Energy Group

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $11,596,000. Talaria Asset Management Pty Ltd acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $53,970,000. LifeWealth Investments LLC acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $200,000. Heck Capital Advisors LLC acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $1,139,000. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of WEC Energy Group by 12.5% during the fourth quarter. Great Valley Advisor Group Inc. now owns 47,517 shares of the utilities provider's stock valued at $4,468,000 after acquiring an additional 5,289 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WEC shares. BMO Capital Markets boosted their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. StockNews.com downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. KeyCorp lifted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently 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.