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.
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.
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.
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