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

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

WEC Energy Group Stock Up 3.0 %

Shares of WEC traded up $3.09 on Friday, hitting $106.89. The company's stock had a trading volume of 3,884,535 shares, compared to its average volume of 2,281,444. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm's fifty day moving average price is $100.03 and its 200-day moving average price is $97.49. WEC Energy Group, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $108.87. The firm 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.

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

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Analysts Set New Price Targets

A number of analysts recently commented on the company. Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, KeyCorp boosted their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One 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 data from MarketBeat, WEC Energy Group currently has an average rating of "Hold" and a consensus target price of $101.88.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC grew its position in shares of WEC Energy Group by 6.5% in the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock valued at $10,405,000 after purchasing an additional 6,785 shares during the period. Matrix Trust Co bought a new stake in WEC Energy Group in the 4th quarter valued at approximately $1,538,000. DRW Securities LLC bought a new stake in WEC Energy Group in the 3rd quarter valued at approximately $1,392,000. Motley Fool Wealth Management LLC lifted its stake in WEC Energy Group by 51.0% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider's stock valued at $2,883,000 after acquiring an additional 10,126 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in WEC Energy Group by 20.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock valued at $42,689,000 after acquiring an additional 78,580 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

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.