WEC Energy Group Inc (WEC) Given Average Rating of “Hold” by Analysts

WEC Energy Group Inc (NYSE:WEC) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $66.00.

A number of brokerages have issued reports on WEC. Credit Suisse Group reaffirmed a “neutral” rating and issued a $63.00 target price (down previously from $65.00) on shares of WEC Energy Group in a report on Friday, February 23rd. UBS began coverage on WEC Energy Group in a report on Friday, February 2nd. They issued a “neutral” rating and a $65.00 target price for the company. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Saturday, January 6th. Wells Fargo lowered their target price on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a report on Thursday, February 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $66.00 target price on shares of WEC Energy Group in a report on Friday, February 23rd.

In other news, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total value of $120,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Several hedge funds have recently modified their holdings of WEC. BlackRock Inc. boosted its position in shares of WEC Energy Group by 2.1% during the 4th quarter. BlackRock Inc. now owns 26,807,670 shares of the utilities provider’s stock valued at $1,780,834,000 after purchasing an additional 560,644 shares in the last quarter. KBC Group NV boosted its position in shares of WEC Energy Group by 11.0% during the 3rd quarter. KBC Group NV now owns 37,264 shares of the utilities provider’s stock valued at $2,339,000 after purchasing an additional 3,687 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of WEC Energy Group by 7.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,959,532 shares of the utilities provider’s stock valued at $196,602,000 after purchasing an additional 201,585 shares in the last quarter. AMP Capital Investors Ltd boosted its position in shares of WEC Energy Group by 3.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 160,388 shares of the utilities provider’s stock valued at $10,069,000 after purchasing an additional 4,970 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of WEC Energy Group during the 4th quarter valued at about $7,504,000. 72.76% of the stock is owned by institutional investors.

WEC Energy Group stock opened at $60.50 on Friday. WEC Energy Group has a fifty-two week low of $58.92 and a fifty-two week high of $70.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.57 and a quick ratio of 0.43. The stock has a market capitalization of $19,090.47, a PE ratio of 15.96, a price-to-earnings-growth ratio of 4.34 and a beta of 0.12.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities analysts forecast that WEC Energy Group will post 3.3 earnings per share for the current year.

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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.

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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