WEC Energy Group, Inc. (NYSE:WEC) VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.00, for a total transaction of $97,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of WEC Energy Group, Inc. (NYSE:WEC) traded up 0.28% during trading on Friday, hitting $65.10. 1,259,059 shares of the stock were exchanged. The stock has a market cap of $20.54 billion, a P/E ratio of 21.34 and a beta of 0.11. WEC Energy Group, Inc. has a 52 week low of $53.66 and a 52 week high of $65.46. The firm’s 50 day moving average price is $63.13 and its 200-day moving average price is $61.40.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. On average, analysts predict that WEC Energy Group, Inc. will post $3.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, August 10th. WEC Energy Group’s payout ratio is currently 68.42%.

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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services raised their price objective on shares of WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. WEC Energy Group has a consensus rating of “Hold” and an average target price of $62.86.

A number of hedge funds and other institutional investors have recently modified their holdings of WEC. Edgemoor Investment Advisors Inc. bought a new position in shares of WEC Energy Group during the first quarter worth about $202,000. Shell Asset Management Co. increased its position in shares of WEC Energy Group by 7.5% in the first quarter. Shell Asset Management Co. now owns 36,628 shares of the utilities provider’s stock worth $2,221,000 after buying an additional 2,565 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of WEC Energy Group by 1.6% in the first quarter. Hennessy Advisors Inc. now owns 808,590 shares of the utilities provider’s stock worth $49,025,000 after buying an additional 13,000 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of WEC Energy Group by 20.4% in the first quarter. Archford Capital Strategies LLC now owns 7,735 shares of the utilities provider’s stock worth $469,000 after buying an additional 1,313 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of WEC Energy Group by 3,275.9% in the first quarter. BlackRock Inc. now owns 25,838,999 shares of the utilities provider’s stock worth $1,566,618,000 after buying an additional 25,073,593 shares during the last quarter. 70.78% of the stock is currently owned by institutional investors and hedge funds.

About WEC Energy Group

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

Insider Buying and Selling by Quarter for WEC Energy Group (NYSE:WEC)

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