WEC - Insider Selling: ULICE PAYNE JR Unloads $50K Of WEC Energy Group Stock | Benzinga
On November 30, a recent SEC filing unveiled that ULICE PAYNE JR, Director at WEC Energy Group (NYSE:WEC) made an insider sell.
What Happened: JR's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 600 shares of WEC Energy Group. The total transaction value is $50,078.
Tracking the Friday's morning session, WEC Energy Group shares are trading at $83.62, showing a down of 0.0%.
Delving into WEC Energy Group's Background
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable generation.
Breaking Down WEC Energy Group's Financial Performance
Decline in Revenue: Over the 3 months period, WEC Energy Group faced challenges, resulting in a decline of approximately -2.28% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the ...