US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
Cristina A. Garcia-Thomas, a director at WEC Energy Group, Inc. (NYSE:WEC), sold 525 shares of the company’s common stock on May 13, 2025. The shares were sold at an average price of $103.7074, amounting to a total transaction value of $54,446. The utility company, currently valued at $33.3 billion, has demonstrated remarkable dividend consistency with 21 consecutive years of increases. According to InvestingPro analysis, the stock trades at a P/E ratio of 20.3x and offers a dividend yield of 3.5%. Following this sale, Garcia-Thomas retains ownership of approximately 3,291 shares.
The transaction was reported in a recent SEC filing, detailing the changes in Garcia-Thomas’s stock holdings. The shares sold were held directly, and the remaining shares include those acquired through dividend reinvestment transactions exempt from certain regulatory requirements.
In other recent news, WEC Energy Group reported strong first-quarter 2025 results, with earnings per share (EPS) of $2.27, surpassing the forecasted $1.97. The company’s revenue reached $3.15 billion, exceeding expectations of $2.87 billion. Scotiabank (TSX:BNS) analysts maintained a Sector Outperform rating for WEC Energy, raising their price target to $115, citing the company’s potential for above-average earnings and dividend growth. Additionally, WEC Energy Group announced significant executive changes, appointing Michael Hooper as Executive Vice President and Chief Operating Officer. Shareholders of WEC Energy voted on several proposals, including the election of directors and the ratification of auditors, with most proposals passing. However, a stockholder proposal for a simple majority vote did not pass. The company continues to focus on renewable energy projects and infrastructure investments, reaffirming its 2025 earnings guidance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.