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WEC Energy Group (NYSE:WEC) NASDAQ:WEC President and CEO Scott J. Lauber sold 9,231 shares of common stock on August 8, 2025, at prices ranging from $110.8314 to $111.0535, for a total value of $1,023,509. The sale comes as the $35 billion utility company trades near its 52-week high of $111.9, with InvestingPro analysis indicating the stock is currently overvalued.
According to a Form 4 filing with the Securities and Exchange Commission, the sales followed the exercise of stock options to acquire 9,231 shares at a price of $58.305 per share, for a total value of $538,213. The company, known for its strong dividend profile, has maintained dividend payments for 55 consecutive years and currently offers a 3.26% yield.
Following the transactions, Lauber directly owns 56,442.7675 shares of WEC Energy Group common stock. He also indirectly owns 6,636.0504 shares through the Employee Retirement Savings Plan (ERSP). InvestingPro subscribers can access additional insights, including 8 more ProTips and a comprehensive analysis of WEC’s financial health, which currently rates as FAIR.
In other recent news, WEC Energy Group reported impressive financial results for the second quarter of 2025. The company achieved earnings per share of $0.76, surpassing the consensus estimate of $0.71 and the forecast of $0.72. Additionally, WEC Energy’s revenue reached $2.01 billion, exceeding the anticipated $1.88 billion. These results were primarily driven by strong performance in the company’s Utility segment. In response to these developments, Mizuho (NYSE:MFG) raised its price target for WEC Energy Group to $117 from $116, while maintaining an Outperform rating. The positive earnings report and subsequent analyst upgrade reflect favorable investor sentiment towards the company.
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