Positive News Coverage Somewhat Unlikely to Affect WEC Energy Group (WEC) Stock Price

News articles about WEC Energy Group (NYSE:WEC) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEC Energy Group earned a news sentiment score of 0.38 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.5691865717153 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Ladenburg Thalmann Financial Services raised their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. BidaskClub lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Barclays PLC restated an “equal weight” rating and set a $68.00 price objective (up previously from $61.00) on shares of WEC Energy Group in a research report on Sunday, April 23rd. Finally, Wolfe Research restated a “peer perform” rating on shares of WEC Energy Group in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.86.

Shares of WEC Energy Group (NYSE:WEC) traded up 1.11% on Thursday, hitting $64.66. 3,496,715 shares of the company were exchanged. The stock has a market capitalization of $20.41 billion, a PE ratio of 21.20 and a beta of 0.11. The firm’s 50-day moving average is $62.49 and its 200-day moving average is $60.92. WEC Energy Group has a 52-week low of $53.66 and a 52-week high of $64.94.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company earned $0.57 EPS. WEC Energy Group’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that WEC Energy Group will post $3.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 3.22%. WEC Energy Group’s dividend payout ratio is presently 68.42%.

In other news, VP Susan H. Martin sold 15,470 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $62.50, for a total value of $966,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.

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WEC Energy Group Company Profile

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

Insider Buying and Selling by Quarter for WEC Energy Group (NYSE:WEC)

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