wec energy group executive vp Kelsey sells $2.16M in shares

Executive Vice President and General Counsel of WEC Energy Group, Margaret C. Kelsey, divested a significant portion of company shares on November 10, 2026, amounting to $2,157,319. This transaction, which involved the sale of 18,380 WEC common shares, occurred concurrently with the exercise of stock options. These shares were traded at a weighted average price of $117.3732 each, ranging between $117.1300 and $117.6400 per share.

The sale came amid WEC stock trading close to its 52-week peak of $120.15, currently valued at $117.60. According to InvestingPro analysis, WEC stock appears overvalued versus its intrinsic worth, placing it among the most overvalued companies in the list. WEC maintains a P/E ratio of 21.34 and provides a dividend yield of 3.24%, having increased this dividend for 23 consecutive years.

Prior to the sale, Kelsey repurchased the same 18,380 shares by exercising stock options, costing her $1,213,355. Post-transactions, she now directly owns 12,178.359 shares of WEC, including those acquired via dividend reinvestment, and indirectly holds 6,501.197 shares through WEC Energy Group, Inc.'s Employee Retirement Savings Plan.

WEC Energy Group recently reported impressive third-quarter results, surpassing Wall Street expectations with adjusted earnings per share of $1.18 and revenue of $2.29 billion. In response, the company raised its full-year 2026 earnings guidance and unveiled an expanded five-year capital plan. Furthermore, WEC has established a $4 billion equity distribution agreement with leading financial institutions, enabling them to trade WEC common shares through various sales channels.