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Gale E. Klappa, a director at WEC Energy Group (NYSE:WEC), recently conducted a series of stock transactions involving the company’s common stock. On March 3 and 4, 2025, Klappa sold a total of 75,000 shares, generating approximately $8.1 million. The shares were sold at prices ranging from $107.62 to $108.75 per share, near the stock’s 52-week high of $108.87. The utility company, currently valued at $33.28 billion, has demonstrated strong momentum with a 37% return over the past year. According to InvestingPro analysis, WEC maintains a "GOOD" financial health score.
In addition to the sales, Klappa exercised stock options to acquire 75,000 shares at a price of $66.015 per share. Following these transactions, Klappa’s direct ownership in WEC Energy Group amounts to 274,955.05 shares. These activities were disclosed in a Form 4 filed with the Securities and Exchange Commission. The company has maintained dividend payments for 55 consecutive years, with a current yield of 3.38%. InvestingPro subscribers can access 8 additional key insights about WEC’s valuation and growth prospects in the comprehensive Pro Research Report.
In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, which fell short of analyst forecasts. The company posted an earnings per share (EPS) of $1.10, below the expected $1.47, and revenue of $2.28 billion, missing the forecasted $2.56 billion. Despite the earnings miss, WEC Energy Group has set a positive outlook for 2025, projecting EPS between $5.17 and $5.27. The company is also planning significant investments in renewable energy projects, with a target to issue $700-$800 million in common equity in 2025. Jefferies analyst Julien Dumoulin-Smith raised the price target for WEC Energy Group to $103.00, maintaining a Hold rating on the stock. The analyst cited manageable regulatory risk and the potential for long-term EPS growth, driven by data center project expansions. WEC Energy Group’s operational improvements have been noted, but the stock is currently trading at an 11% premium, which influences the Hold rating. These developments indicate a cautious optimism about the company’s future growth prospects.
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