Yesterday it was reported that the EC of WEC Energy Group (WEC), Gale Klappa, exercised options to sell 49,526 WEC shares at $37.46 a share, for a total transaction value of $3.71M.
Following Gale Klappa’s last WEC Sell transaction on December 06, 2018, the stock climbed by 2.6%. In addition to Gale Klappa, 3 other WEC executives reported Sell trades in the last month.
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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 $23.7B and the company has a P/E ratio of 22.60. Currently, WEC Energy Group has an average volume of 1.75M.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $75.33, reflecting a -0.5% downside.
The insider sentiment on WEC Energy Group has been negative according to 72 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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; We Power; and Corporate and Other. The Wisconsin segment refers to the electric and gas utility operations.
