A Director at WEC Energy Group is Exercising Options


Today it was reported that a Director at WEC Energy Group (WEC), Allen Leverett, exercised options to sell 112,250 WEC shares at $34.87 a share, for a total transaction value of $8.35M.

Following Allen Leverett’s last WEC Sell transaction on August 08, 2016, the stock climbed by 17.6%.

See today’s analyst top recommended stocks >>

Based on WEC Energy Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.08 billion and quarterly net profit of $205 million. In comparison, last year the company earned revenue of $2.06 billion and had a net profit of $433 million. WEC’s market cap is $23.5B and the company has a P/E ratio of 22.36. Currently, WEC Energy Group has an average volume of 2.14M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $75.33, reflecting a 0.6% upside.

The insider sentiment on WEC Energy Group has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Allen Leverett’s trades have generated a -15.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin; Illinois; Other States; Electric Transmission; We Power; and Corporate and Other. The Wisconsin segment refers to the electric and gas utility operations.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts