Wisconsin Energy Corp CEO Gale E. Klappa Sells 450,000 Shares (WEC)
Wisconsin Energy Corp (NYSE:WEC) CEO Gale E. Klappa sold 450,000 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $45.09, for a total transaction of $20,290,500.00. Following the completion of the transaction, the chief executive officer now directly owns 132,450 shares in the company, valued at approximately $5,972,171. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Wisconsin Energy Corp (NYSE:WEC) traded down 1.39% on Tuesday, hitting $44.70. The stock had a trading volume of 1,735,640 shares. Wisconsin Energy Corp has a 1-year low of $39.52 and a 1-year high of $49.21. The stock has a 50-day moving average of $44.29 and a 200-day moving average of $45.34. The company has a market cap of $10.081 billion and a P/E ratio of 16.61.
Wisconsin Energy Corp (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Wisconsin Energy Corp will post $2.62 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Wisconsin Energy Corp in a research note on Friday, August 1st. They now have a $52.00 price target on the stock. Separately, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Wisconsin Energy Corp in a research note on Monday, July 21st. They now have a $46.00 price target on the stock, up previously from $44.00. Finally, analysts at Robert W. Baird raised their price target on shares of Wisconsin Energy Corp from $47.00 to $50.00 in a research note on Wednesday, June 25th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.64.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
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