Joshua Erickson Sells 100 Shares of WEC Energy Group (NYSE:WEC) Stock

WEC Energy Group, Inc. (NYSE:WEC) VP Joshua Erickson sold 100 shares of WEC Energy Group stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $112.47, for a total value of $11,247.00. Following the completion of the transaction, the vice president owned 2,586 shares of the company’s stock, valued at approximately $290,847.42. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $111.60 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $36.30 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 3.16 and a beta of 0.48. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $118.18. The business has a 50 day simple moving average of $112.82 and a 200-day simple moving average of $108.90.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. The firm had revenue of $2.28 billion during the quarter. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. WEC Energy Group’s dividend payout ratio is currently 67.49%.

Hedge Funds Weigh In On WEC Energy Group

Several hedge funds and other institutional investors have recently made changes to their positions in WEC. Truvestments Capital LLC acquired a new stake in WEC Energy Group in the 1st quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new position in WEC Energy Group during the 1st quarter worth $26,000. Bayforest Capital Ltd bought a new position in shares of WEC Energy Group in the second quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in shares of WEC Energy Group during the second quarter valued at $26,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group during the second quarter valued at $27,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WEC has been the topic of a number of recent research reports. Citigroup began coverage on shares of WEC Energy Group in a report on Friday, October 3rd. They issued a “buy” rating and a $131.00 target price on the stock. LADENBURG THALM/SH SH raised WEC Energy Group from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. KeyCorp increased their price target on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, TD Cowen assumed coverage on WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.21.

About WEC Energy Group

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.