WEC Energy Group, Inc. (NYSE:WEC) Chairman Gale E. Klappa sold 52,722 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total value of $3,658,906.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gale E. Klappa also recently made the following trade(s):

  • On Wednesday, August 23rd, Gale E. Klappa sold 10,410 shares of WEC Energy Group stock. The stock was sold at an average price of $65.03, for a total value of $676,962.30.
  • On Thursday, August 24th, Gale E. Klappa sold 12,632 shares of WEC Energy Group stock. The stock was sold at an average price of $65.04, for a total value of $821,585.28.
  • On Monday, August 21st, Gale E. Klappa sold 10,000 shares of WEC Energy Group stock. The stock was sold at an average price of $64.86, for a total value of $648,600.00.
  • On Friday, August 18th, Gale E. Klappa sold 32,148 shares of WEC Energy Group stock. The stock was sold at an average price of $64.77, for a total value of $2,082,225.96.

Shares of WEC Energy Group, Inc. (NYSE WEC) opened at $68.19 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. WEC Energy Group, Inc. has a 1 year low of $54.96 and a 1 year high of $70.09. The firm has a market capitalization of $21,700.00, a price-to-earnings ratio of 22.87, a P/E/G ratio of 4.37 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.69 EPS. WEC Energy Group’s revenue for the quarter was down 3.2% on a year-over-year basis. analysts predict that WEC Energy Group, Inc. will post 3.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 3.05%. WEC Energy Group’s dividend payout ratio is currently 68.42%.

ILLEGAL ACTIVITY NOTICE: “Gale E. Klappa Sells 52,722 Shares of WEC Energy Group, Inc. (WEC) Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/11/18/gale-e-klappa-sells-52722-shares-of-wec-energy-group-inc-wec-stock.html.

Several hedge funds have recently made changes to their positions in the stock. Hudock Capital Group LLC lifted its position in shares of WEC Energy Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 4,322 shares of the utilities provider’s stock worth $265,000 after buying an additional 17 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of WEC Energy Group by 0.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,483 shares of the utilities provider’s stock worth $459,000 after buying an additional 41 shares during the last quarter. MAI Capital Management lifted its position in shares of WEC Energy Group by 1.1% during the 2nd quarter. MAI Capital Management now owns 4,210 shares of the utilities provider’s stock worth $258,000 after buying an additional 45 shares during the last quarter. Boston Advisors LLC lifted its position in shares of WEC Energy Group by 0.3% during the 2nd quarter. Boston Advisors LLC now owns 14,664 shares of the utilities provider’s stock worth $900,000 after buying an additional 50 shares during the last quarter. Finally, Eaton Vance Management lifted its position in shares of WEC Energy Group by 0.5% during the 2nd quarter. Eaton Vance Management now owns 12,090 shares of the utilities provider’s stock worth $742,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.

Several research firms have recently issued reports on WEC. Bank of America Corporation increased their target price on WEC Energy Group from $69.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday. BidaskClub lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Finally, KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. WEC Energy Group presently has a consensus rating of “Hold” and a consensus price target of $65.43.

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)

Receive News & Stock Ratings for WEC Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group Inc. and related stocks with our FREE daily email newsletter.