WEC Energy Group, Inc. (NYSE:WEC) VP Susan H. Martin sold 15,000 shares of WEC Energy Group stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $66.00, for a total transaction of $990,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

WEC Energy Group, Inc. (NYSE WEC) opened at 67.04 on Tuesday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 21.98 and a beta of 0.12. The firm has a 50-day moving average price of $64.37 and a 200-day moving average price of $62.02. WEC Energy Group, Inc. has a one year low of $53.66 and a one year high of $67.20.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 10th. WEC Energy Group’s dividend payout ratio (DPR) is 68.42%.

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WEC has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $58.00 price target (down previously from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. 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. BidaskClub raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Ladenburg Thalmann Financial Services raised their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Finally, KeyCorp restated a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.86.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in WEC Energy Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock valued at $2,023,235,000 after purchasing an additional 795,189 shares during the last quarter. BlackRock Inc. grew its holdings in WEC Energy Group by 0.3% in the second quarter. BlackRock Inc. now owns 25,921,375 shares of the utilities provider’s stock valued at $1,591,055,000 after purchasing an additional 82,376 shares during the last quarter. State Street Corp grew its holdings in WEC Energy Group by 1.2% in the first quarter. State Street Corp now owns 16,286,113 shares of the utilities provider’s stock valued at $987,428,000 after purchasing an additional 200,586 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in WEC Energy Group by 8.6% in the second quarter. Epoch Investment Partners Inc. now owns 6,212,698 shares of the utilities provider’s stock valued at $381,336,000 after purchasing an additional 492,379 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in WEC Energy Group by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 5,762,776 shares of the utilities provider’s stock valued at $353,718,000 after purchasing an additional 103,009 shares during the last quarter. 70.79% of the stock is currently owned by institutional investors.

WEC Energy Group Company Profile

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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