WEC Energy Group Inc (NYSE:WEC) had declared a cash dividend of $0.4950 on Jul 21, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed for Aug 12, 2016. On Jul 21, 2016 share price, the yield comes out to be 3.0928%. The dividend payable date has been fixed on Sep 1, 2016.
In a different note, On May 9, 2016, UBS said it Upgrades its rating on WEC Energy Group Inc. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Neutral’ by the firm.
WEC Energy Group Inc (WEC) shares turned negative on Wednesdays trading session with the shares closing down -0.15 points or -0.23% at a volume of 10,76,662. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.48. The peak price level was also seen at $64.48 while the days lowest was $63.77. Finally the shares closed at $64.02. The 52-week high of the shares is $66.1032 while the 52-week low is $46. According to the latest information available, the market cap of the company is $20,208 M.
WEC Energy Group Inc(WEC) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.19B. Analysts had an estimated revenue of $2.85B. Earnings per share were $1.09. Analysts had estimated an EPS of $1.03.
Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Gale E Klappa (director) sold 22,000 shares at $61.53 per share price.Also, On Jun 3, 2016, Allen L Leverett (President and CEO) sold 68,210 shares at $60.30 per share price.On May 26, 2016, Joan M Shafer (Exec VP-HR & Org Effectiveness) sold 15,990 shares at $58.67 per share price, according to the Form-4 filing with the securities and exchange commission.
WEC Energy GroupInc. formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service Peoples Gas North Shore Gas Michigan Gas Utilities and Minnesota Energy Resources among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric) Wisconsin Gas LLC (Wisconsin Gas) W.E. Power LLC (We Power) Integrys Energy Group Inc. and Integrys Holding Inc. among others.