WEC Energy Group Inc (NYSE:WEC) Director Allen L. Leverett sold 112,250 shares of WEC Energy Group stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $74.35, for a total value of $8,345,787.50. Following the completion of the transaction, the director now owns 151,589 shares of the company’s stock, valued at $11,270,642.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
WEC Energy Group stock traded up $0.44 during midday trading on Tuesday, hitting $74.91. 2,139,700 shares of the company’s stock were exchanged, compared to its average volume of 1,683,842. WEC Energy Group Inc has a 52-week low of $58.48 and a 52-week high of $75.61. The company has a quick ratio of 0.34, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 4.85 and a beta of 0.15.
WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 12th. The utilities provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, research analysts anticipate that WEC Energy Group Inc will post 3.51 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in shares of WEC Energy Group by 2,550.1% in the 4th quarter. Nordea Investment Management AB now owns 431,513 shares of the utilities provider’s stock worth $29,886,000 after purchasing an additional 415,230 shares in the last quarter. Executive Wealth Management LLC purchased a new position in shares of WEC Energy Group in the 4th quarter worth about $98,000. Public Employees Retirement System of Ohio boosted its holdings in shares of WEC Energy Group by 1.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 155,548 shares of the utilities provider’s stock worth $10,773,000 after purchasing an additional 1,955 shares in the last quarter. HRT Financial LLC purchased a new position in shares of WEC Energy Group in the 4th quarter worth about $396,000. Finally, Kaizen Advisory LLC boosted its holdings in shares of WEC Energy Group by 25.9% in the 4th quarter. Kaizen Advisory LLC now owns 876 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 73.89% of the company’s stock.
Several brokerages have recently weighed in on WEC. Argus lifted their price target on WEC Energy Group from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, December 6th. Barclays boosted their target price on WEC Energy Group from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. Wolfe Research cut WEC Energy Group from a “market perform” rating to a “sell” rating in a research report on Friday, October 26th. Zacks Investment Research cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Credit Suisse Group boosted their target price on WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $72.90.
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WEC Energy Group Company Profile
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
Further Reading: Fundamental Analysis
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