The EC of WEC Energy Group is Exercising Options


Today it was reported that the EC of WEC Energy Group (WEC), Gale Klappa, exercised options to sell 96,116 WEC shares at $41.02 a share, for a total transaction value of $7.84M.

In addition to Gale Klappa, one other WEC executive reported Sell trades in the last month.

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Based on WEC Energy Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.38 billion and quarterly net profit of $420 million. In comparison, last year the company earned revenue of $2.29 billion and had a net profit of $390 million. WEC’s market cap is $25.79B and the company has a P/E ratio of 23.70. Currently, WEC Energy Group has an average volume of 1.83M.

Based on 6 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $75.80, reflecting a -7.8% downside.

The insider sentiment on WEC Energy Group has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Gale Klappa’s trades have generated a -8.2% 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.

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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, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.

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